In this article, we dive deeper into exactly what representation expenses entail. We give examples, explain how they work and tell you everything you need to know about their deductibility!
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Representation expenses are a kind of umbrella term for all kinds of expenses you do as a business owner to represent your business.<\/strong> Think of business gifts, memberships of associations, etc. In other words, these are costs you incur to catch the eye of (potential) customers, maintain relations and expand your network.<\/strong> Although these costs are not 100% business in nature, they do contribute to generating income for your business. Consequently, the government says there is still some limitation to the tax deductibility<\/strong> of such expenses<\/strong>, more on that later! To make things clearer, here is a list of common representation expenses: Note that some of these costs are (sometimes) fully deductible, while others are only partially eligible. Click here<\/a> for more info!
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<\/p>\n\n\n\nExamples of representation expenses
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