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Entertainment expense write off
Posted on 7/4/17 at 5:02 pm
Posted on 7/4/17 at 5:02 pm
Does anyone know how much you can write off on entertainment expenses in an incorporated business? I want to say it is around $20,000 but not sure. Also wasn't sure if that's just one person or the whole business
4
Posted on 7/4/17 at 8:31 pm to sasquatch69
Dunno the answer to your questions, but I will be in Oxford later this month and would be happy to help you maximize your deductions for next year!
Posted on 7/5/17 at 7:35 am to sasquatch69
Generally, it's limited to 50% of the actual expense. But there are limitations on what is deemed entertainment.
Posted on 7/5/17 at 9:47 am to sasquatch69
You can talk a deduction for half your expenses, provided they are legit and supportable.
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