WordNet-Online
Free dictionary and thesaurus of English. Definitions, synonyms, antonyms and more...
Hint: double-click any word to get it searched!

	Enter your search terms Submit search form
	Web www.wordnet-online.com

Definitions from WordNet

Definitions from the Web

Term: Entertainment Deduction

Description:

An entertainment deduction refers to a type of tax deduction that businesses can claim for expenses incurred while entertaining clients, customers, or employees for business purposes. It allows businesses to deduct a portion of their entertainment-related expenses from their taxable income.

Sample sentences:

1. Many companies take advantage of the entertainment deduction by hosting corporate events or dinners.
2. Small business owners should keep detailed records of their entertainment expenses to ensure they can claim the deduction accurately.
3. Due to changes in tax regulations, the rules surrounding entertainment deductions have become more stringent.

Possible Related Products:

• Business Expense Tracker
• Tax Deductions for Businesses