Is it better for you to write off certain items as business gifts or Entertainment? Depends on the amount and what the item is. Business Gifts are limited to $25 a person but you can write off all of it. Entertainment is limited to a 50% deduction on the item, but no maximum. Things like restaurant gift cards or tickets to events can be either gifts or entertainment, while meals in a restaurant are entertainment only (but how often do you spend less than $50 in a restaruant for 2 people).
Call me at 818-317-6035 or email me at bstonercpa@sbcglobal.net if you have any more questions.
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