RAM Tax Prep
  • Home
  • About
    • Profile
    • Services
    • Recommendations
  • Resources
    • Tips From Rhonda
    • Newsletters
    • Videos
  • Blog
  • Contact

Be Tax Advantageous
​BLOG​

BUSINESS GIFT OR ENTERTAINMENT – Tis the Season for Giving

1/20/2016

 
Picture
Saying that Las Vegas offers a wide variety of entertainment choices is saying a lot. From touring hotel and casino bright lights to getting your picture taken with Elvis at the “Welcome” sign; to dining and watching the best entertainment offered or enjoying the local ballet company to spending an afternoon at the Smith’s Center with a Broadway show or hanging out at the ballpark with the Area 51s there is certainly a lot to choose from.

Which brings me to the point, is a gift of tickets to a customer itemized as a business gift or an entertainment expense?

In a nut shell, when a business provides a customer with event tickets the tax treatment depends on whether an employee of the corporation attends the event with the customer.

Giving tickets without attending with your customer the costs may be treated as a business gift or as entertainment. But if an employee attends, the tickets are considered entertainment.
​
The rewards of customer loyalty greatly exceed the cost of a simple thank you especially when it is said, “Vegas style.” Whether you attend and enjoy with them is your choice.

Be Tax Advantageous and choose wisely.


Comments are closed.
    Picture

    Author

    Rhonda A. Mannes,
    ​CPA, ARA.
    Phone: 702-233-6310


    Archives

    December 2018
    August 2018
    February 2017
    January 2017
    December 2016
    November 2016
    August 2016
    March 2016
    February 2016
    January 2016
    December 2015
    August 2015
    March 2015
    February 2015
    January 2015
    August 2014


    Categories

    All
    Accountant
    Business Taxes
    Charitable Contributions
    ESA
    Estate Planning
    Event
    General Tax Law
    Gifts
    Home Purchase
    Identity Theft
    Intaxification
    IRA
    IRS
    IRS Direct Pay
    IRS Electronic Payments
    Net Investment Tax
    Real Estate
    Retirement
    Rollovers
    Social Media
    Tax Deductions
    Tax Errors
    Tax Preparer
    Tax Shopping
    Tips From Rhonda
    Vehicle Deductions


    RSS Feed


    ADMIN LOG IN
Powered by Create your own unique website with customizable templates.
  • Home
  • About
    • Profile
    • Services
    • Recommendations
  • Resources
    • Tips From Rhonda
    • Newsletters
    • Videos
  • Blog
  • Contact