The turn of the calendar year is a time to reflect on business relationships that have been built and nurtured. Companies take the period to express appreciation and goodwill with gifts and events with new and ongoing customers, vendors, and other partners.
Gift and entertainment expenses are a natural part of doing business. But like all good things, there is a fine line that shouldn’t be crossed. There are obvious no-no’s, and there are types of hospitality, gifts, and entertainment payments that can also run afoul of laws without employees realizing.
