I have a general taxation question -
I recently joined a practice which is employed by the hospital. I am on salary position on staff. The older folks at our practice give christmas gifts to the staff every year that includes every one from the janitorial services to the PA/NP and everyone in between. There are 15 MDs in our group and they have decided to give gift cards to the non-MD employees as a group. The total per MD is about $900 based on the size of the staff.
Since I am new to the group, shelling out $900 for the staff is a lot of money. So my question is, is this contribution tax-deductible? Each staff member will get some $50 gift card as a contribution from all the MDs.
Please help if I can save something from the Tax Man !!!
I recently joined a practice which is employed by the hospital. I am on salary position on staff. The older folks at our practice give christmas gifts to the staff every year that includes every one from the janitorial services to the PA/NP and everyone in between. There are 15 MDs in our group and they have decided to give gift cards to the non-MD employees as a group. The total per MD is about $900 based on the size of the staff.
Since I am new to the group, shelling out $900 for the staff is a lot of money. So my question is, is this contribution tax-deductible? Each staff member will get some $50 gift card as a contribution from all the MDs.
Please help if I can save something from the Tax Man !!!
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