2024 Business Expense Christmas Party For Employees

2024 Business Expense Christmas Party For Employees. First of all, the party has to be a business expense, which means you can’t just throw a party for your friends. The food and beverage costs, as well as entertainment expenses designed.

 — the deductibility of costs incurred for company events, such as a christmas party, is covered under tax code sections 274(e)(1) and (e)(4), which the tax cuts and jobs act. A staff christmas party qualifies as a tax free benefit if it meets the ‘annual events’ exemption.