Imagine what this does for a client! It creates an immediate sense of loyalty and pleasure that you were thinking of them.
But are these costs deductible?
Up to $25, yes!
And I know what you're thinking, "Can I possibly get a great gift for so little? Won't it look like I'm being cheap?"
Well that's something you have to decide for your business and brand.
If you have a luxury brand and you send a $5 gift, that may seem cheap. On the other hand, if you work closely with your clients and have a close relationship, a personally picked $10-15 gift might be perfect.
If you are that luxury brand and decide that your clients need a $100 purse, you just need to be prepared to eat part some extra costs. $75 of that purchase won't be deductible, so you'll be responsible for that extra $75 of taxable income.
Need help finding the perfect gift under $25?
I got you girl ;)
💼 Office Nerd 💼