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"Gifts" to prospects at Conference - How to account for the expense ?

Ibrahim Cisse's Profile

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

Answers

Len Green
Title: Performance Improvement Consultant and E..
Company: Haygarth Consulting LLC
LinkedIn Profile
(Performance Improvement Consultant and ERP Strategist, Haygarth Consulting LLC) |

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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