If you are able to incorporate your spouse into your business AND incorporate gifts that have a business relationship to them… you win twice!
- Make your spouse happy!
- The gifts can be tax deductible!
Some examples might include: Apple AirPods (for research, continuing education, focus in the workplace, etc.), camera (used for the business), iPad/tablet, cell phone, a business trip or conference with a vacation package, new vehicle, etc.
Get creative and go big on qualifying gifts! I encourage all owners and entrepreneurs to start thinking outside of the box! Be sure to contact us at Tax Shelter for advice or confirmation on qualifying gift deductions.