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Item Title: Profit from Gift Card Popularity While Avoiding Pitfalls
Summary:
Gift cards are expected to be this year's gift of choice. All sizes and types of businesses are now offering the plastic cards. With the holiday shopping season just around the corner, here is a look at some accounting, tax and fraud issues that are emerging as the popularity of gift cards continues to grow.

 Which company has the best smelling gift card? Click "Full Article."
Comments:
Lazar Levine & Felix LLP provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.