<prompt> Human: As the title says I am the only employee of an S-Corp. I have been reading that a holiday party for the employee and spouse are 100 tax deductible. But as I am currently the only employee Can I really still have a holiday party? Or just a holiday dinner? What are my options here? Can the company buy me a reasonable holiday gift? If it helps at all the company pulls in around 80k a year and is in Pennsylvania Thanks!Edit 1: So it seems the general consensus is that its a no go for a one man holiday party. Was really looking forward to that 20 year Pappy and Wagyu filet! Thanks for the responses.  <response>: You are the owner, so, no.There are no holiday office party deductions allowed for the business owners family members, even if they are employed by the company or own a portion as well. 