Your Guide to Year-End 2023: Gifts

While employers may hand out gifts at various times of the year, it’s common that as the holidays approach companies may want to express their appreciation for a job well done.  Types of gifts.  In general, gifts are similar to bonuses), and are generally subject to federal income tax withholding (FITW),  FICA, and FUTA. However, if …

Your Guide to Year-End 2023: Gifts Read More »