St. John's students warm up the season

It's not too late to give a gift to a business associate and receive a "gift" on your Schedule C. By taking advantage of the gift business expense, small business owners can provide a nice present to their business colleagues and help to lower their business tax liability. In many cases a business gift can be deducted against your taxable income and be a fully deductible business expense. What a deal for your customer and for your business too.