The Truth About Business Gifts

We are quickly approaching the holiday season and companies are planning their gift lists.  Here is the truth about business gifts…

Business gifts are deductible to only $25 per recipient per year with married couples being considered one recipient.  You may want to give a great customer a lovely Christmas basket that cost you $100, and of that kind gift, $75 may be subject to tax because it is not deductible.

Promotional materials or small items under $4 with a logo do not qualify as a gift and should remain classified as a promotional expense.

Gifts are a great way to thank your clients or customers and encourage their continued support, but take the time to weigh the cost benefit before filling out your Harry and David order forms.

gift

Comments ( 0 )
  1. No comments yet.
Comments are currently closed.
Trackbacks & Pingbacks ( 0 )
  1. No trackbacks yet.
  2. Trackbacks are currently closed.