Gifts to a corporation or other business entity intended for eventual use or benefit of an employee, stockholder or owner, when it can be reasonably ascertained who that individual will be, in this case you, are considered as made indirectly to the individual. So although he made the check out to the business, if it was indeed a gift, and not a loan to be paid back or a check for goods or services that the business provided to him, then it was still a gift to you. And depending on the amount of the gift, it is taxable to your uncle. In terms of your business books, if the situation I have described fits, then you treat the deposit to the business account as a capital investment by you the owner or shareholder, then assuming the money was not used for anything business related and just withdrawn, you treat it as a distribution back to you. So unless it was received in exchange for business goods or services, it is not income to your business.