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Tax Law Changes the Score for Companies That Buy Tickets to Sports Events

By MarksNelson on June 4, 2018 in Beth Van Leeuwen CPA, MarksNelson in the News
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Kansas City Business Journal, Tax Law Changes the Score for Companies That Buy Tickets to Sports Events, May 29, 2018

Treating a client, or prospective one, to a Royals game long has been a good way to build relations. The fact that the tickets qualified for a 50 percent tax deduction never hurt, either.

But the deductibility of those tickets, along with tickets to other sporting events and concerts, is one of the losses from the tax reform package passed at the end of 2017. That will cause some business owners to reexamine the value of those investments.

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MarksNelson LLC works with clients to help safeguard and grow their businesses. Our ultimate goal is to help our clients to Move Forward. The firm provides Assurance, Accounting Services and Business Advisory, Business Valuation, Consulting, Cost Segregation, Employee Benefit Plan Audits, Litigation Support, Forensic Accounting, International Tax, State and Local Tax and Tax planning, advisory and compliance services. MarksNelson is a member of The Leading Edge Alliance, the second-largest international professional association of independently owned accounting and consulting firms, serving clients who need additional resources on a national or international level. MarksNelson has significant accounting and business advisory experience in the auto dealership, construction, insurance, manufacturing, distribution and real estate sectors. The firm was named among the 2014 Best Accounting Firms for Leadership Equity by the 2014 Accounting MOVE Project for its dedication to gender equity.