Startup Tax Tips and Triage – Employee Gifts

Stephen Day Tax Planning, Tax Strategy

Startup CEO: Happy holidays! Startup Code Head: Thanks, boss. A gift card for $24.99… what gives? Startup CEO: More than that and you’ll get taxed on it. Startup Code Head: Who knew? Thanks! VPTax: Technically, $25 would have been OK. But any more than that and the “gift” turns into taxable compensation. Sure, it’s nice to give. But it’s nicer …