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Tax Tips And Traps


Did You Know


If a business has six or fewer special events in a calendar year at which food, beverages, or entertainment is available to all employees at a particular business and the food, beverages, or entertainment is consumed or enjoyed by those employees, then the normal 50% limitation for a business deduction is not applicable and 100% of the expenses are deductible.


The typical example is a Christmas party, but other events could qualify. Talk to your Chartered Professional Accountant.


Careful planning with a Chartered Professional Accountant is warranted. Contact Keith Anderson, BCom, CPA, CA-IT, CITP at (780) 447-5830 if you need advice. 














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Keith Anderson, BCom, CPA, CA-IT, CITP Copyright September 9, 1999 Last Modified :09/10/15 10:21 AM