Quote:
Originally Posted by Cowboy89
How does a company profit from the direct activity of buying tickets or entertainment for prospective clients? It's a business expense just like advertising is. It takes expenses to attract new business, this is simply one of the forms of expenses incurred to achieve such and like most/all other expenses a business incurs is netted against revenue to calculate taxable income.
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Honest question, have you ever been gifted tickets to a hockey game by someone who writes them off as a business expense when you going to the game will have zero impact on their business?
I know I have.