Employee Gifts – Are They Taxable?

‘Tis the season when employers often will provide employees with “gifts” of some type. We all know the entity in town that gives all of its employees a turkey for Thanksgiving or Christmas. While this is a wonderful gesture on the part of the employer, is it compensation to the employee?

Deducting your summer vacation

Taxpayers are always looking for ways to improve their tax position by increasing deductions or credits, and there are tax provisions in place that are at least worth reviewing with your tax advisor to see if you can take advantage of that lengthy summer trip you are planning.