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    gaike's Avatar
    gaike Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Oct 22, 2005, 07:17 PM
    Tax write off
    I own a small company and I am wanting to purchase some holiday gifts for my employee's. I was wondering if I could write the gifts off on my taxes? Or would it just be considered a good will gesture. Also, are holiday parties a write off to my company?

    -gaike
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Oct 23, 2005, 08:31 AM
    Gaike:

    As long as the gifts are not too large, you can write them off as a business expense.

    As for the holiday party, it too can be a business writeoff as long as you do not go overboard on the expense.
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