SCROOGED: When your employer pleads poverty in...

SCROOGED: When your employer pleads poverty in explaining why there’s no company Christmas party this year, you might point out that even the IRS disapproves of such Grinch-like behavior. . . . The cost of an office party is fully tax-deductible, points out Ronald R. Williamson (D6), managing partner of the accounting firm BDO Seidman’s Orange County office. . . . Holiday festivities are thus exempt from the normal 80% limit on write-offs for business-related entertainment expenses.