You take Bill, your best customer, to the local country club and treat him to 18 holes of golf. The golf produces a zero deduction.
Compare this.
You take your employees and their spouses and children to the local country club, where they play golf and tennis; swim; and enjoy lunch, dinner, and snacks.
The cost of the country club meals and activity produces a 100 percent tax deduction.
In this article, you will learn the following:
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What it takes to qualify an employee party for the 100 percent deduction
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What types of employee entertainment qualify for this 100 percent deduction
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How tax law defines entertainment that’s primarily for the benefit of employees ... Log in to view full article.