#602 How to Write Off a Holiday Party for Your Business

Main Street Business

Mark J Kohler and Mat Sorensen

Tax Reform, Entrepreneurship, Business, Irs Updates, Tax Tips, Legal Compliance, Business Structure, Tax Prep, Accounting, Tax Strategies, Management, Financial Reporting, Estate Planning

2.4 • 584 Ratings

🗓️ 21 November 2025

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

Are you missing out on one of the easiest 100 percent deductions available to business owners? In this episode of the Main Street Business Podcast, Mark J. Kohler and Mat Sorensen break down exactly how to structure a holiday party or company event so it becomes a fully deductible business expense. From the IRS rules under Section 274 to real examples of what qualifies, you’ll learn how to turn food, entertainment, awards, and even venue costs into a legitimate write-off. Unlike generic tax t...

Transcript

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0:00.0	We may think that entertainment deduction is gone, but it's not.
0:04.2	It went from 50% entertainment before,
0:06.3	but now 100% deduction for the entertainment and the food if it's the proper type of party.
0:11.5	Last year's Christmas party for a company.
0:13.7	100% right off.
0:14.7	It is your opportunity to have a company party during the holidays.
0:18.6	Make sure it must promote well-being, morale, and team-building,
0:21.6	not be lavish or extravagant, must be primarily for employees, not owners. You get your 100%.
0:26.9	Welcome, everybody, to the Main Street Business Podcast. My name's Mark Kohler here with my
0:37.1	incredible partner, Matt Sorenson, and I am loving today's topic because this time of year, there are so many cool strategies. Yeah, and you're probably going to have a holiday party. Maybe you're a business owner and we want to talk about, is that deductible? Can you actually write this off? And how do you make this an effective company meeting too let's
0:54.5	include the holiday but also have some business yeah yeah so we want this podcast to live on in
0:59.9	infamy it during any time of the year because you might be having a summer party you might be
1:04.4	having a whatever party memorial like barbecue you know't know. I was trying to.
1:11.9	Catalan a wine mixer.
1:13.3	Whatever you,
1:13.8	whatever parties you're doing.
1:14.9	Yeah, Halloween party.
1:16.1	It's true.
1:16.6	Our office goes nuts at Halloween.
1:18.2	They love it.
1:19.0	But the point is, and I really wanted to talk about this with Matt because he's good
1:24.2	at this.
	...

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