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.
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:
What it takes to qualify an employee party for the 100 percent deduction
What types of employee entertainment qualify for this 100 percent deduction
How tax law defines entertainment that’s primarily for the benefit of employees ... Log in to view full article.