If you own a small business and are throwing your employees a holiday party, 🎄great news—it could be tax deductible!⁠ ⁠ Here's the catch:⁠ ✨ The party must be for your employees, clients, or customers to qualify as a legitimate business ⁠ expense.⁠ ✨ All employees and their spouses must be invited. Inviting only a select group of employees may limit how much you can deduct.⁠ ✨ Costs must be reasonable (over-the-top extravagance may limit your deduction).⁠ ⁠ Be sure to save receipts and document your guest list for smooth filing later!⁠ ⁠ #HolidayParty #BusinessTax #SmallBusiness #TaxDeductions