Employee holiday gift ideas 20188/8/2023 ![]() ![]() Instead, take into account your clients’ hobbies and personal interests.įor example, do you have a client who loves to hike or run? Keep them hydrated with a Rockit Claw Stainless Water Bottle and Lycra ® Running Belt that has a pocket for keys and credit cards, plus a built-in slot for ear buds. Giving a personalized client holiday gift doesn’t have to mean you engrave their name on something. ![]() While chocolates and other food are fun holiday gift ideas, picking something more personal can show clients how much you care about them. Or write a heartfelt note on a page from a Bic Non-Adhesive Notepad and tuck it into the box with the gift you’re sending. The result? Ninety percent of their customer testimonials now mention the quality of their customer service-up from 50 percent who mentioned it before notes and cards were sent out.įor a truly meaningful gift, combine your note with a sweet treat like the Calling Card – Ghirardelli Chocolate. The proof is in the pudding: One company, CartStack, started sending thank-you notes and holiday cards to every paying customer. Personalized notes can make a big impact on clients. It’s even better if it’s handwritten, as handwritten notes have a 99% open rate. Giving gifts is a great way to show gratitude, but don’t forget to include a thoughtful message. There are many gifts to choose from, but the best holiday gift ideas for clients are personal, useful and straight from the heart. Giving gifts is a way to show joy and gratitude-and that includes businesses showing thanks for their clients. And 11% of Canadians plan to spend over $1,000 on gifts alone. The holiday season is fast approaching! Last year, Canadians spent around $1,276 per person while shopping for the holidays. This link goes over the IRS rules on de minimis benefits.Īccountants are Christmas party animals – check out our last year’s celebration.Editor’s Note: This blog post was originally published in September 2018 and has since been updated to incorporate new data and holiday gift ideas for clients. But if you invite customers as well, the deductible amount goes down. You can invite their families, too, if you want. You have to distribute them on a large scale (you get to deduct the whole cost of what it takes to produce them), and they have to be under $4 apiece.Īpparently even the Tax Grinch likes a party! Holiday parties are completely deductible, but they have to be for the entire staff. That could be pens with your name on them, or a calendar. Apparently you have to wait until the tax audit to find out.Īnd what about swag? If you give out small gifts branded with your company logo, those are completely tax deductible. How much can you lay out? The IRS says the cost has to be “reasonable,” but doesn’t say what that is. If you want to send a gift is to an entire company, you can spend more. You can spend more than $25 if you want, but only the first $25 per gift is deductible. The IRS doesn’t include incidental costs, like engraving or gift wrapping, in the $25 limit, though. That is, they’re deductible as long as they cost $25 or less. The de minimis rules apply to individual client gifts as well. The IRS considers gift cards the same as cash, so they, too, get taxed. Employees also have to claim the cash as income on their tax returns. If you give out cash, though, it has to be taxed as wages, even if it’s less than $25. De minimis gifts are fully tax-deductible for the employer, and employees don’t have to pay tax on them, either. Things like a holiday turkey, candy, gift baskets or something similar are considered de minimis if the value is $25 or less. De minimis means essentially too small or trivial to be counted. You can give your employees gifts valued at $25 or less – what IRS calls de minimis gifts. Good for you – it’s a giving time of year! And the good news is, if you follow certain Internal Revenue Service rules, those gifts can be tax-deductible.Īfter all, what would a holiday be without IRS rules? Employee and Client Christmas Gifts Can Be DeductibleĪs a company owner, you may be thinking of giving out employee and client Christmas gifts.
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