"Holiday Parties: Keeping Expenses Low and Deductibility High"

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In the news: "The economy isn't giving us a lot to cheer about this holiday season ... and it could get worse. This year, it appears more companies are saying no to an annual tradition: the office holiday party. But attorney Kelly Phillips Erb notes that not only are holiday office parties a good way to say thank you to employees -- they may also bring tax benefits to the firm as well as employees. Phillips Erb discusses some of the things to keep in mind if law firms want to take advantage of those benefits."

 

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Source: Law.Com's Daily Legal Newswire. 20 November 2009. Copyright 2008.  ALM Properties, Inc. All rights reserved. Subscribe <http://store.law.com/registration/register.asp?subscribeto=nw>.

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