DENISE STUBBS, CPA

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If you're planning to support your favorite causes this holiday season, understanding the tax rules around charitable giving can help you maximize both your impact and your tax benefits.

'Tis the season for holiday parties, and if you're a small business owner, you're probably wondering: "Is this party tax-deductible?" The good news is that holiday parties can indeed be 100% deductible business expenses, but only if you follow the rules.

The holiday season presents a fascinating paradox for small business owners. For many, it's the most profitable time of year. The season that can make or break annual revenue targets. Yet it's also when cash flow becomes most unpredictable, expenses spike unexpectedly, and financial planning gets thrown out the window.