Receiving customers, partners, and guests is an important aspect of many sole proprietorships. Whether you are a coach, marketer, event manager, photographer, graphic designer, hospitality entrepreneur, therapist, or artist, the costs of creating a welcoming environment can be deducted as business expenses. Let’s take a look at how you can consider and process these reception fees as business expenses in your accounting.
What counts as reception costs?
Reception costs include all spending you do to welcome people and create a pleasant atmosphere. Think of drinks, snacks, flowers, small decorations, and furnishings. These expenses help make a good impression and foster a positive working environment.
Reception costs as deductible business expenses
The costs of receiving guests and customers can be considered a professional expense and are partially (50%) deductible from your taxes.
Keep all receipts and invoices: Collect all proof of purchase for reception costs and store them in a safe place. Or scan them immediately using the Dexxter app! This is crucial for your accounting and tax return.
Record the expenses in your accounting system: Record all reception costs in your accounting system under the appropriate category. This makes it easier to deduct these expenses on your tax return. Reception costs can be found as a cost category in our accounting platform.
