08-07-2014, 12:59 PM
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#1495
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Franchise Player
Join Date: Dec 2006
Location: Calgary, Alberta
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Quote:
Originally Posted by MoneyGuy
So, Slava and his wife take 10 great clients and their spouses to dinner as an appreciation event. Total cost is $2,500, half of which is tax deductible. He's effectively paying a large amount out of his pocket that, in my opinion, should be a business expense. Sorry, I don't think that's fair. If you think there are inequities in other areas of business deductibility, I'd agree, but I don't think this one accurately represents the business world.
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Thank god I would tip $2500 on that dinner!
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