Aline Accounting Partners’ Post

It's that time of year again! Thinking of gifting to your employees this holiday season? 🎁 💰Friendly Reminder💰 Cash gifts are considered additional wages subject to tax & withholding, while non-cash gifts may qualify as a de minimis fringe benefit. FACT: De minimis fringe benefits are tax free to the employee and deductible by employers. Need to consult with one of our accounting pros to avoid overlooking tax implications while spreading holiday cheer? 📭 We're only a short DM away! 📭 #TaxTips #HolidayGifts #Accounting

To view or add a comment, sign in

Explore topics