Before you go full Santa-mode on your clients this holiday season, here’s how to stay off the IRS’s naughty list when it comes to client gifts! ↓ 🎁 You can only deduct up to $25 per client per year. 🎁 Incidental costs (like shipping, engraving, etc.) that don’t add significant value to the gift don’t count towards the $25 limit. 🎁 Keep records documenting a description of the gift, the amount, the date of the gift, who you’re giving the gift to, and your business relationship with them. #chri
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Before you go full Santa-mode on your clients this holiday season, here’s how to stay off the IRS’s naughty list when it comes to client gifts! ↓ 🎁 You can only deduct up to $25 per
MAS Accounting & Tax. Tunetank · Holiday Sparkle. Before you go full Santa-mode on your clients this holiday season, here’s how to stay off the IRS’s naughty list when it comes to client gifts! ↓ 🎁 You can only deduct up to $25 per client per year. 🎁 Incidental costs (like shipping, engraving, etc.) that don’t add significant ...
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