Coming up with client gifts ideas is just ONE more stressor we entrepreneurs DON’T need, am I right? Well, lucky for you, I went through the trouble of curating awesome client gift ideas FOR you! (I’m so nice, aren’t I?) But first things first. Fellow freelancers and business owners, you need to know this: Client gifts ARE TAX DEDUCTIBLE—but only up to $25 per client per year. Let’s see exactly what the IRS has to say about business gifts: “If you give gifts in the course of your trade or business, you can deduct all or part of the cost. This chapter explains the limits and rules for deducting the costs of gifts. $25 limit. You can deduct no more than $25 for business gifts you give directly or indirectly to each person during your tax year. A gift to a company that is intended for the eventual personal use or benefit of a particular person or a limited class of people will be considered an indirect gift to that particular person or to the individuals within that class of people who receive the gift. If you give a gift to a member of a customer’s family, the gift is generally considered […]
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