The National Directory of Certified Public Accountants

Ask A CPA - Small Business Services

Salesman - NY Knick Tickets I Gifted My Client Deductible?

Sporting event tickets are considered an entertainment expense, if you accompany them. The deduction for a business gift is limited to $25 per person per year. Generally, the amount allowable as a deduction for meals and entertainment expenses is limited to 50% of such expenses.

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