The Tax Pro Advisor

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Learn the real difference between capital expenditures (CapEx) and operating expenses (OpEx)--and why it matters for your business's cash flow, taxes, and strategy.

It is a common practice this time of year for employers to give their employees gifts. Where a gift is infrequently offered and has a low fair market value, it would be treated as a de minimis fringe benefit. As such, it would be tax-free to the employee, and its cost is tax deductible by the employer.