Quote:
Originally Posted by GGG
How is office space not a tax write off?
Fraud should not be the reason for a tax write off not to exist it either is or isn’t a business expense. If fraud in a category of expense is the problem then increase auditing and documentation requirements.
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The best test for legitimacy is whether a business would incur the expense even if it wasn't deductible. "Hosting" would be the first thing to be heavily scrutinized and significantly reduced for most companies.
It's also just a funny premise to begin with.
Dear valued customer, here is $1000 out of petty cash as a thank you for your continued patronage = bribery and obviously wrong.
Dear valued customer, here is $1000 worth of hockey tickets as a thank you for your continued patronage = A-Okay!