The IRS Deductions Blog

Archive for March, 2008

Corporate gifts are used by employers to reward employees, sponsors and suppliers who have contributed to the company’s success. Finding these kinds of business gifts is easy so long as you have an idea of what is suitable for whom. Many companies use personalized gifts to give customers or clients so that the appreciation can always be remembered. The best way to find a good gift is do a detailed research on the kind of things that the recipient likes. If you are giving the gifts to the whole staff then identical business gifts will do.

You can locate corporate gifts online, online is a very good place to select a variety of gifts. The numerous kinds of corporate gifts available are of different types and you need to choose one that best fits its purposes. A good gift should be of value and should be perceived valuable to the client. A gift will tell a lot about your company, so build the company’s image by choosing exemplary gifts. The imprinted promotional gifts with a company logo and an appreciative message will act as good value driven gifts. You also need to remember that these are corporate gifts and they do not need to be personalized too much. Ask yourself if the gift you are giving someone is suitable for them, a man and a woman’s gift should be different, clearly.

Fun corporate gifts are also a way to go when choosing gifts for corporate purposes. Do not be too professional when choosing gifts add some fun to the gifts, the main goal is to create a lasting impression on the recipient’s mind. You can find very affordable gifts, the worth of the gift and the functionality should be in mind when buying. Go for unique items that stand out.

Items on Amazon Right Now for Gifts To Employees Deductible:

Making magic at Christmas

As the Salvation Army’s Christmas drive wound down, Capt. John Kirschman’s hopes were looking up. Only about half of the Christian church’s $105,000 goal in Sault Ste. Marie was met heading into the final week of its fundraising efforts.[...]

New FBT exemptions for your Christmas Party

Yes the world is changing. Gone is the days of loyalty from employer’s for their hard working employee’s.

Just watch the news , look around your community’s How many friends or family members do you know that have had their hours cut, benefits cut or laid off all together? Well my wife and I are in that same boat that’s full of holes and sinking fast.

I remember my wife asking why I wasn’t contributing to a 401-k for my retirement. This was 2 years ago. My answer was it just doesn’t feel right. I am sure glad I listened to that little voice in my head. My wife has a 401-k and believe me it has been rocked to the core with losses. Even the contributions she is still making seem to be going down a big black hole!

If you or your Family are going through this, MY HEART GOES OUT TO YOU!!

Am I just going to lay down and give up?

No. I just spent the last three weeks searching for a way to work part time at something that could turn into a full time income. And I found it. And that little voice in my head is going crazy with YES YES YES. Even if you don’t join, their is so much useful information that is there for free use.

Like you, my wife and I are hoping the economy does a complete turn around for the better, But I don’t see it happening any time soon.

We wish you luck in anything you do.

Gerald & Deborah

http://2lotsofmoney.com

Items on Amazon Right Now for Non Deductible Employee Contributions:

Greensburg 2010 budget adopted

Greensburg Councilwoman-elect Kathleen McCormick told City Council on Tuesday that she was partly elected in November because she offered city residents a new set of eyes and a new voice.

Question: can i use my tuition i pay for my son for private school as a tax deduction?. he is in elementary .?

just wondering – if there are any accountants. When i do my taxes this year i pay $306.00 a month for private school tuition? I live in texas and my son is in elementary. Thanks

Answer: No. The education credits are just for post-secondary school.

Items on Amazon Right Now for Tax Deduction Private School Tuition:

Ariz. tuition-credit practices may violate federal tax laws

Arizona private-school tax-credit scholarship practices may violate IRS tax code.

ACT School Arizona Tuition Tax Credit

Question: is health insurance through your employer tax deductible?

Answer: that depends of whether it was taken out pre tax or after tax
if it was taken out on a pre taz basis then no, because you didn’t pay tax on that money. If it was taken out after tax then yes it could be. You need to ask your payroll dept how is was taken out.
It is only a deductible expense if you are Itemizing your deductions on Schedule A rather than taking the Standard Deduction. And all medical expenses must be reduced by 7.5% of your adjusted gross income

Items on Amazon Right Now for Health Insurance Deductible Taxes:

Most elected officials volunteer for wage freeze

Citing the difficult economy, most of Crow Wing County’s elected officials and senior management staff volunteered for a wage freeze for 2010.

Six Steps for Buying Health Insurance – Intro