Hello, My company gives away prizes at conference (video games, gift cards, t-shirts,...). Should we simply consider this a Marketing expense, or should we categorize this as a gifts. Is there a specific Tax treatment ? Thank you
"Gifts" to prospects at Conference - How to account for the expense ?
Answers
Promotional supplies.
If your gift card values are too high, you may have a tax reporting issue. Ask your CPA firm.
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Accounting