Successful Meetings - March 2009 - (Page 16)

PLANNER’S WORKSHOP education By George B. Delta, Esq., general counsel, Incentive Federation Inc. About Taxes and Business Gifts business can deduct up to $25 for business gifts each year per recipient, whether given directly or indirectly. The $25 limit excludes incidental costs for engraving, wrapping, packaging, insuring, and mailing. The IRS treats a gift that is intended for the What You Should Know A personal use or benefit of an individual or group of people as an indirect gift to him or them. Similarly, a gift to the spouse of a client or business customer is treated as an indirect gift to that client or customer, unless the donor has a separate and bona fide connection to that spouse. This rule also applies to other family members. If a gift is specifically earmarked for a business, there is no limit on the amount of the deduction. There are some exceptions to the $25 rule that are of limited usefulness. For example, an item that costs no more than $4, has the donor’s name clearly and permanently imprinted on the gift, and is one of a number of identical items that a company distributes is not subject to the limit. Examples of such items include pens, desk sets, and tote bags. Signs, display 20 Ensure your employees stay engaged on the job What’s Inside 22 24 How to keep competitors at arm’s length Motivating the masses with Mark Scharenbroich 26 John Wood turned a vacation into a purpose-driven life 16 I SM I March 2009 I

Table of Contents for the Digital Edition of Successful Meetings - March 2009

Successful Meetings - March 2009
Editor's Letter
News Update
Management Matters
Meetings Law
Mouth for Sale
And the Award Goes to...
Taking Green Initiatives to the Top
Events of Presidential Proportion
It's a Small World After All
Places + Spaces
Big Island Supplement-Insert
NYC Metro
The Bahamas

Successful Meetings - March 2009