Assuming a lawyer is properly designated "Of Counsel," are there any restrictions on methods of compensating him or her?
It's readily apparent to every law firm HR manager. The American workplace is changing. Downsizing and outsourcing have strained the once solid relationship between employers and employees, and created a more mobile, more fluid workforce.
Businesses considering a small gift for employees a turkey or ham or throwing a Christmas party should know if they are taxable. Because a “gift” is often considered by the Internal Revenue Service (IRS) to be compensation, it’s important to note the rules so that your employees are not responsible for paying taxes on their gifts.