Entertainment Expenses

Entertainment Expenses

Such expenses are deductible by employees and self-employed taxpayers only if the expenses are directly related to or associated with a trade, business, or profession. To prevent abuses, strict substantiation requirements must be satisfied in order to deduct entertainment expenses. The deduction for qualified business entertainment is generally limited to 50 percent of cost.
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According to Vanhee, entertainment expenses in Saudi Arabia are not recoverable for VAT purposes.
VAT on theme parks: Get set for roller coaster economics
Most employers take advantage of the accountable plan rules to deduct travel and entertainment expenses.
Deducting expenses for sporting events under an accountable plan
In her column on Wednesday, Eciy-dem Toker examined the representation and entertainment expenses made by the state between January and May.
Representation and entertainment costs see 70 percent rise between Jan and May
Copperas Cove Newspapers (CCN) filed a civil lawsuit accusing Larry Hauk, the company's former president, with spending $28,900 on food and entertainment expenses without explaining their necessity.
Former newspaper president accused of pilfering
The commission will enhance its computer system to handle entertainment expenses as suggested in the report, and internal audit and monitoring will be strengthened.
Hong Kong : ICAC accepts report
The SEC says Krishnan avoided Digi's internal controls to approve employees' travel and entertainment expenses that lacked business purposes, and also diverted company funds to pay for his own personal expenses.
Former Digi CFO Charged with Securities Fraud (StarTribune)
Truexpense is a travel and expense reporting solution for expense management platforms for corporate users to monitor travel and entertainment expenses.
TRX Launches Truexpense Expense Reporting System
and Pete Olson (R-Texas) introduced legislation that will strengthen small businesses by increasing the amount they can deduct from their federal tax filings for meal and entertainment expenses.
Bill to increase meals & entertainment deduction
So, instead of taking all your salary in cash, you can use your Meal Entertainment Card to pay for meal entertainment expenses on a tax-free or reduced tax basis.
Masquerading nurses: delegates came masked and full of mystique to the Annual Conference dinner for a night of dancing, fine food and wine and catching up with other delegates across NSW
The procedure also contains substantive updates to the list of "high-cost localities" used in the "high-low" substantiation method and to the deductible percentage of business meals and entertainment expenses of certain transportation industry employees.
IRS releases revised per diem rates and rules
The bank has said that these new capabilities are designed to offer simplicity and ease of use for clients with international purchasing, travel and entertainment expenses.
Bank of America expands credit card capabilities
The latest results included a 12 per cent increase in salaries and related costs due to higher full-time wage and stock compensation costs, and a 20pc increase in general and administrative costs due to higher professional fees and travel and entertainment expenses.
Sotheby's in the red

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