Are Company Events Tax Deductible?
Most business owners know company events can generate tax deductions.
Knowledge Base
Lee Anderson writes about tax strategy, estate planning, and wealth management for FatFire, covering the questions that matter to high-net-worth households pursuing financial independence. Every article draws on primary sources including IRS guidance, fund prospectuses, and academic research, and is reviewed against the FatFire editorial standards (fatfire.com/editorial-standards/) before publication.
516 articles — page 10 of 43
Most business owners know company events can generate tax deductions.
Northern Trust wealth management fees run roughly 0.50% to 1.50% of AUM annually, but that published range is a starting point for negotiation, not a fixed price.
Most of your monthly co-op maintenance fee is not deductible.
Capital gains tax in Spain combines progressive rates for residents (19% to 28%), a flat rate for non-residents, and a holding-period rule that can push short-term gains into income tax territory at rates approaching 47%. If your gains routinely exceed €300,000, the headline 19% rate you see in most
Yes, private foundation donations are generally tax-deductible under IRC Section 170, but the deduction limits are materially lower than what you get with public charities or donor-advised funds.
No. New Jersey offers zero state income tax deduction for 529 contributions, including contributions to its own NJBEST plan.
UTMA capital gains tax follows the child's ownership, not the custodian's.
The best books on tax strategies for high-net-worth individuals cover territory that standard filing guides never touch: qualified opportunity zones, QSBS exclusions, charitable remainder trusts, entity restructuring before liquidity events, and the mechanics of multi-state domicile planning. If you
UBS wealth management fees for high-net-worth clients range from roughly 0.50% to 2.50% of AUM annually, but that published ceiling is not what sophisticated clients actually pay.
Yes. If you own UK property or land as a non-resident, HMRC will tax your gains.
If you're holding courtside seats or a luxury suite license and wondering whether the IRS will share the cost, the short answer is: almost certainly not.
California residents who inherit assets from abroad owe no state inheritance tax and typically no federal income tax on the inheritance itself. That sounds clean. It isn't.