Google Answers: taxes

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Q: taxes ( No Answer, 1 Comment )

Question

Subject: taxes
Category: Business and Money > Accounting
Asked by: lucyfur-ga
List Price: $5.00

Posted: 11 Apr 2004 22:04 PDT
Expires: 11 May 2004 22:04 PDT
Question ID: 328785

What is the difference between marketing and sales? My accountant says
my sales lunches are not marketing and can not be deducted 100%. I say
I'm marketing because I am always testing and positioning and selling
all at the same time. My business is buying, developing, selling and
financing homesites.

Answer

There is no answer at this time.

Comments

Subject: Re: taxes
From: uofagrad-ga on 14 Apr 2004 09:21 PDT

Well your accountant did explain that very well.   

Meals and Entertainment  are only limited in the deductability to 50%,
regardless of the topics of conversation.

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