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TL: Gift Giving
It's not just about charity ...
15 Jan 2009
Originally Published by The TaxLetter Vol. 27, No. 1, January 2009 www.adviceforinvestors.com
Gift Giving
It's not just about charity ...
Eileen Reppenhagen, CGA
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There is more than one way to give. A search for the words ‘gifts’ and ‘giving’ on the Can-Rev web site brings up over 400 hits for each search. At the top of the list is information about charitable giving.
But today, I am searching for information about how to treat a different kind of giving. One of my clients has given away inventory as a gift of gratitude for personal favours. This client has also sold inventory at ...
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Eileen Reppenhagen, CGA, ACG, Certified QuickBooks ProAdvisor, and Honorary Member of the Institute of Professional Bookkeepers of Canada, writes and speaks about accounting and tax. She is a regular contributor to Canadian MoneySaver, The TaxLetter and Intuit Canada’s Advisor Advantage.
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