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Andrew Schwartz CPA
Jun 5, 2016 - 9:53AM
Re: expenses as a contractor

Hi.

I would say treats purchased for staff members are tax deductible against that income. According to IRS Publication 463 on Travel, Entertainment, Gift, and Car Expenses available at: https://www.irs.gov/pub/irs-pdf/p463.pdf:

If you give gifts in the course of your trade or business, you can deduct all or part of the cost.

$25 limit. You can deduct no more than $25 for business gifts you give directly or indirectly to each person during your tax year.


And unfortunately, coffee purchased for personal consumption at a job in the general vicinity of where you live is not tax deductible.


Zip Code: 01801

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