It is getting to that time of year when you might ask your tax accountant about deduction a year-end holiday party. If you are holding the party for employees, then you can typically deduct 100% of a reasonable party. If you are holding a party for your clients, typically only 50% of those related expenses can be deducted. In addition, if you are giving gifts to your clients remember that you can only deduct $25 in gift expenses per client. Feel free to be kind and sweet to people during the holiday season, but realize that everything may not be tax deductible.