Quote:
Originally Posted by George O Well
corporation be able to claim as a business expense? How many corporate retreats should a corporation be able to claim as a business expense? How many booster club tickets should a corporation be able to claim as a business expense?
Seems to me that in these days of e-mail, video teleconferencing, high fuel costs, overnight mail, etc., the answer should be NONE. NUNCA. NADA.
Do you need a $30,000,000 dollar bizjet to close a $30,000 sale? I dunno. Maybe YOU do. I don't.
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Actually many of those things are no longer tax deductible. IRS has really cracked down on entertainment deductions on such expenses.
However, at the same time, for many companies they are still worthwhile expenses (even if not tax deductible) if only for sales reasons.