January 2014

How to deduct gifts to clients

Taxes

I know quite a few business owners who send out fun little gifts around the holidays to their clients, and I think it’s great. Today, I’ve just got a quick little tip when it comes to deducting the gift expenses….

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Are gift cards considered income?

Taxes

Around the holidays, there are quite a few gift certificates sold. Technically, once it’s sold, you’ve got the money in your pocket, but is it considered revenue on your books? Since a gift certificate is essentially a promise to do…

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