Hi everyone,
I have a question regarding allowable tax deductible business expenses that a company may claim as a tax deductible expense.
I realise that under normal circumstances and for most businesses that food and beverages (meals, drinks etc) and also some travel (hotels, flights etc) and generally not an allowable tax deductible business expense.
So... what if the business operates within, or its clients are within one of these industries?
For the sake of a working example, lets take Groupon.ie. Many of their clients would be restaurants, bars, hotels and holiday providers.
Now, lets say that Groupon was sending its sales staff out to these businesses to "research" the businesses or to use their patronage at the business as a successful sales method to get the business to sign up and advertise with them.
These staff then incurring expenses for food, drinks and hotels...
My question is, are these expenses now an allowable tax deductible business expense?
I have a question regarding allowable tax deductible business expenses that a company may claim as a tax deductible expense.
I realise that under normal circumstances and for most businesses that food and beverages (meals, drinks etc) and also some travel (hotels, flights etc) and generally not an allowable tax deductible business expense.
So... what if the business operates within, or its clients are within one of these industries?
For the sake of a working example, lets take Groupon.ie. Many of their clients would be restaurants, bars, hotels and holiday providers.
Now, lets say that Groupon was sending its sales staff out to these businesses to "research" the businesses or to use their patronage at the business as a successful sales method to get the business to sign up and advertise with them.
These staff then incurring expenses for food, drinks and hotels...
My question is, are these expenses now an allowable tax deductible business expense?