About To Treat Your Employees With a Party? Learn How To Make It 100% Tax Deductible!
As a business owner you want to treat your employees to recreational events and parties, do you know that you could potentially get a 100% tax deduction from it? As you remember the Tax Cuts and Jobs Act eliminated deductions from business entertainment, but not for entertainment primarily for the benefit of employees. According to the IRS, 100% of employee tax deductions include events such as holiday parties, annual picnics, summer outings, and more. Of course, you need to have proper documentation to substantiate these deductions. Proactive Tax Planning can save thousands of dollars by reducing your tax liability legally. Not sure what to expect and how you would benefit from tax planning?
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