Fashion Counsel: When Fashion is Your Business: Tax Advice on Clothing Allowances & Uniforms
Fashion companies often provide uniforms and clothing allowances to their employees. If the company meets requirements set by the Internal Revenue Service, they can get tax favored treatment for those items. However, it can be difficult for fashion companies to meet those requirements.
In this episode of Fashion Counsel, partner Anthony Lupo talks with partner Robert Honigman about the tax treatment of clothing allowances and uniforms in the fashion industry.