A Checklist to Properly Document Your Meals and Entertainment Expenses

Entertainment48 A Checklist to Properly Document Your Meals and Entertainment Expenses


you can always count on during an audit is a request for documentation supporting meals and entertainment expenses. The IRS has found that these expenses are heavily abused and are an easy way to generate additional tax revenue, not to mention additional revenue from penalties and interest.

You don’t have to spend a lot of time reading tax cases to find one where meals and entertainment expenses were disallowed specifically because of improper documentation.

*Here are a few examples from recent cases:

The taxpayer’s business meal expenses did not satisfy the substantiation requirements because they did not include the taxpayer’s relationship to the parties involved or specify the business purposes of the meals.

The taxpayer’s meals and entertainment deductions were disallowed because the taxpayer couldn’t provide anything to tie the deductions to specific copies of receipts, checks, or other documents. Plus, in the few records the taxpayer did provide, there were duplications and other irregularities in the records making them unreliable altogether.

A spreadsheet listing the numbers the taxpayer put on his return was insufficient to substantiate or use to reconstruct business expenses for meals and entertainment.

This means that even if a meal or entertainment expense is perfectly legitimate, it can be disallowed if the documentation is not proper!

How to Protect Your Meals and Entertainment Expenses:

In my teachings, I dedicate an entire session to Travel, Meals and Entertainment. One of the strategies I share is how to use the IRS rules to make money on your meals and entertainment by turning your current non-deductible expenses into legal tax deductions. One of the key parts to making this strategy work is protecting your meals and entertainment deductions by keeping proper documentation.

Use this short checklist for all of your meals and entertainment expenses and your deductions will be well protected:

____ Amount of each separate expense

____ Date of expense
____ Location of expense

____ Business purpose of expense

____ Names and business relationship of the people involved

It may seem like quite a bit for each and every meal and entertainment expense, but here are a few ways to make this process very simple:

Get a receipt! The first 3 items – amount, date and location – are usually printed on the receipt. Then simply write the remaining 2 items – business purpose, names and business relationship on the receipt.

I always recommend scanning your receipts so you have an electronic copy. Many receipts tend to fade in just a year so your documentation could disappear! A scanned copy won’t fade and can help reduce the clutter of receipts.

If you don’t get a receipt, then document all of the items listed above (either write them down or type them up) and then attach support for the payment. Here are a few examples:

If you paid by check, attach a copy of the check and your bank statement showing it cleared your bank account.

If you paid by debit or credit card, attach a copy of your bank or credit card statement showing the debit or charge.

If you paid by cash, try your best to get a receipt! Otherwise, make sure your documentation is precise and make sure a very small percentage of your expenses fall into this category of paid by cash and no receipt.

**Important Tip!

Don’t force it! If a meal or entertainment expense doesn’t meet the business purpose requirement because it was a personal expense, then don’t deduct it. If the IRS finds personal expenses being deducted, then all of your other expenses will be heavily scrutinized, putting your legitimate deductions at risk for the slightest reason.


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Online Entertainment Directory- Updating Entertainment Lovers

Entertainment5 Online Entertainment Directory  Updating Entertainment Lovers


Entertainment touches the soul of a person’s life deeply thereby making it interesting and worth living. There is multitude of resources using which one can bring the facet of entertainment and fun into one’s life. If you looking out for best entertainment resources, there are entertainment directory and entertainment guide available to meet your purpose.

Whether you are fond of music, art or creative dances, these directories or guides provide extensive and updated information about places you can visit to fulfill your desire of enjoying quality works of entertainment.

Now with the coming up of Internet facilities, access to entertainment directory and entertainment guide has become very easy. Via Internet, you can get in touch with the latest information related to entertainment section with just few clicks. The entertainment guide and entertainment directory available online are updated on a regular basis so that you get latest information and news.

Various other sections that entertainment freaks can explore through entertainment directory available online include information on latest music releases both local and international, theaters, film festivals, home videos and film schools. For fashion freaks, wide information is available on latest and ongoing trends, models and fashion stores and outlets.

One of the main advantages of using entertainment directory is that you get to know virtually about all the activities happening around the world ranging from music, gaming activity and dance performances to art exhibitions and award winning travel attractions that can be visited for outdoor purposes. Thus, you can learn about the key areas of your interest and visit them to enjoy moments of life to the fullest.

Talking about entertainment would be incomplete if it is missing a section on humor and jokes. But entertainment directory serve this purpose for humor lovers fully by covering sections on parodies, pranks, satires and television comedy.

With so many options available for entertainment freaks, you just simply need to browse the pages of entertainment directory and entertainment guide and get updates on the section of your choice.


Is the Age of Entertainment Upon Us?

Entertainment10 Is the Age of Entertainment Upon Us?


Are we no longer in the Information Age?

Are we destined to be “gamers”?

Whether you’re in marketing — particularly the digital side — or just looking for a job in marketing and related fields, you may have noticed the growing emphasis on entertainment. Entertainment activities becoming more the focus of our digital and offline lives.

And, as you’d expect, entertainment marketing seems to be following that growth. I don’t mean entertainment marketing as in promoting movies, actors and actresses. I’m talking about entertainment marketing for the sake of having fun with a brand wrapped around that fun.

The traditional, age-old tactics of marketing to customers and prospects via one-way communications is falling by the wayside. Ads of all type. Direct mail. Mass-distributed news releases. Yes, they will always have a place – some place – but those tactics of marketing communications are becoming a smaller part of the total marketing effort. Today’s successful marketing is individually-focused and better targeted to people’s own interests. Mass marketing is slowing going the way of the dinosaur.

The strong potential of wrapping marketing around entertainment first hit me a couple years ago after reading an article in BusinessWeek. Here is an excerpt:

 

“Plenty of advertisers…have been putting their products in video games for several years now. But marketers and game-makers successfully pushed Nielsen Entertainment last year (2005) to start measuring the impact of in-game product placement, where there had been none before. This in turn is drawing more ad dollars and making game-makers as eager as TV networks, perhaps more so, to open up their stories to the highest bidders.” In-game product placement is targeted and part of the users’ activities. It’s immersed in what the marketplace members do. It involves marketers in prospects and customers’ lifestyle and interests.

We’ve all read a lot about viral videos and how to create them. Of course, the main aspect of viral videos is their entertainment value. No one will share a commercial with friends and family – unless they see it as entertaining first and foremost. Any marketing push in the video must be secondary and indirect.

But, a successful viral video is not easy to develop and is not right for marketing every company, product or service.

The trick in the entertainment and marketing combination is to develop some level of connection with your audience. Create tools, services and experiences that complement your company, products or services while being part of your customers and prospects’ entertainment habits and interests.

One good example of this approach is Southwest Airlines. According to a June 26, 2008, MediaPost Marketing Daily story, Southwest Airlines “has signed on to sponsor the Midnight Gaming Championship (MGC) 2008 video gaming season to capture mindshare from tomorrow’s professionals, now ages 16 through 25….The marketing message tied to the sponsorship focuses on educating consumers about several Southwest services such as the downloadable computer desktop widget ‘Ding’ that offers exclusive fares on flights; along with the company’s weekly email, Click ‘n’ Save, that reaches 6.9 million subscribers; and Rapid Rewards.”

Southwest Airlines is marketing its services that are tied to the interests and habits of its targeted 16-25 years of age demographics. There’s a connection between what Southwest is pushing and its audiences’ habits.

There are other ways to connect marketing messages with customers and prospects’ lifestyle. One is video – and not on TV. The use of online video is becoming more and more popular. And, video is being used for entertainment purposes more and more, according to a June 25, 2008, eMarketer article. Based on a study it conducted, Solutions Research Group “predicted that total hours with video-based entertainment would grow by nearly one-third to an average of about eight hours per day by early 2013.”

Another key stat from the eMarketer article is the trend to online rather than offline video:

“Key research from Deloitte Development signifies the shift away from TV to the Internet, with 69% of respondents in the firm’s second annual ‘The State of the Media Democracy’ survey saying their computer has become more of an entertainment device than their TV.” That same Deloitte study also found that 36% of all respondents use their “cellphone as an entertainment device.” That percentage soared to 62% for the Millenials (13-24 age group) – who will be the future targeted prospects for many of us as they age.

Marketing is evolving to have companies become connected with their audience much more so than just communicating to them. And, as more of the audience members are focusing on entertainment, it’s up to the marketers and communicators for companies to develop ways to connect brands with their audience around their entertainment preferences.


Mascots & Minglers – Eye Catching Entertainers

Entertainment6 Mascots & Minglers   Eye Catching Entertainers


Planning a part or event doesn’t have to be that difficult. If you want to improve your events, find a way to make them really special. One way to do that is to introduce a little spice into the mix – in the form of entertainers – break the ice and get things moving.

And what more entertaining spice can you think of than a good entertainer. Whatever their role, be it mascot, mingler, or in the spotlight, a good entertainer can make people feel relaxed and comfortable and add flare to an otherwise dull event.

When you use an entertainer to improve your event, think about the type of party you’ll be hosting. Of course, you must first identify your goal. Are you welcoming home a long lost uncle? Trying to sell a timeshare? Increasing your network of professional contacts? And what are the characteristics of your guests? Are they business people, families, students? What type of party will it be? A small, intimate affair for a few friends or a big bash for the whole neighborhood? When you’ve established who’ll be there and what you’ll all be doing, you can begin to search for the perfect entertainer to brighten up the affair and improve your events.

How will you use your entertainer? A DJ is perfect for a party where people will be dancing. A comedian makes a great emcee or stand-up performer. A public speaker can not only entertain, but motivate and inform. Dancers can teach while they entertain, and exotic dancers (like belly dancers) can keep the place sizzling. Musicians, including singers, are a wonderful

addition to most events. Here is a list of types of entertainers you may not think of without a little help:

- balloon twisters – clowns

- face painters – impersonators

- hypnotists – magicians

- Elvis impersonators – mentalists

- puppeteers – ventriloquists

Musical entertainment doesn’t have to be a rock band or chamber orchestra. What about a barber shop quartet, folk singers, hip hop or rappers, or even a small gospel choir. It all depends on the people and the party.

You can probably find a number of choices by visiting your yellow pages or checking on the internet. The options are almost limitless. Most of these entertainers work at very reasonable prices because they’re either just starting out and need the experience, or they’ve already retired and want to keep active in their beloved profession.

If your budget won’t support a professional entertainer, you might think about bringing in someone who will mingle with your guests to get and keep the conversations and laughter going. Do you know someone who’s outgoing and funny? A good mingler is comfortable with all types of people and is a great conversationalist. If you bring someone in with that purpose in mind, it will probably improve your event and bring the best out in your guests. Of course, as host or hostess, you’ll want to play the role of mingler as well, making sure your guests are comfortable and involved.

One approach to party entertainment is to have activities in which the guests participate. A hypnotist can use your guests as subjects and keep everyone laughing. Impersonators can play role-playing games – what would you say to the President at a fun event? A local dance teacher can keep everyone involved in learning a new dance step. There are also theme parties where everyone has a role. One of the most familiar is the murder mystery where guests have to solve a crime. Casino or poker parties involve your guests in challenging and fun activities for hours!

And, of course, there’s the traditional costume party where your entertainer can play a specific role (like Caesar or George Washington). You can turn your costume party into a casual version of Trivial Pursuit, where the entertainer/character asks guests questions about his or her life or events of that day. You can offer prizes for most answers. Be creative! People love to get outside the old party box. A professional entertainer will give your party a special flare and improve your events.

Bringing in a professional photographer is a great way to get people excited. Few people don’t like to have their picture taken. Now, imagine them having their picture taken with Caesar, George Washington, or George Bush!

There’s only one down side to this approach. Once you’ve spiced up your party with a professional entertainer, your guests will expect all your events to be as much fun! They’ll be talking about you and the party for years to come. So, if you’ve run out of ways to bring smiles to the faces of your friends, family, and business acquaintences, consider introducing an entertainer into the mix. They’ll make your party a smashing success and improve all your events!


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Music for Corporate Entertainment

Entertainment Music for Corporate Entertainment


For many years I have supplied music for and played in bands that provide music for corporate entertainment. Clients have included Audi, The Evening Standard, Sainsburys, P.C. World, Safeways, Large corporate clients at Henley and Ascot, I.T.V. and H.M. Treasury. Because of this experience I felt it would be relevant in putting down some pointers in helping clients choose the right kind of music for their particular corporate entertainment.

Interestingly enough, most corporate hospitality entertainment work tends to require music as an ingredient to a larger recipe. What I mean by this is a great deal of corporate events are offering a multi service package. Typically an organization may be putting on an evenings entertainment to thank its workforce for a particularly successful year. They may be offering music, food, comedy, a close up magician, a casino and a caricaturist. The corporate client organizing needs to decide what part the music has to play in the days/evenings entertainment.

Questions he or she needs to ask are:

Is the music specifically for entertainment or is the music for background listening?

Do we need one style of music early on in the proceedings and then a change of style later in the days/ evenings entertainment?

Do you expect the corporate clients to be networking and discussing business or are they just there for a good time?

What overall atmosphere do you want to project with the event?

Is there going to be a change of location for the music as the entertainment event unfolds?

Different styles of music bands lend themselves to different corporate hospitality situations. Below are a number of typical corporate hospitality events with music suggestions for suitable music entertainment.

Corporate entertainment model 1.
Evening reception with dinner and speeches.
In a situation such as this you will typically need music from the outset as part of the meet and greet of the corporate evening. A four-piece swing or Latin group is ideal with a larger ensemble for particularly large gatherings. A professional outfit can pitch the music at just the right decibel level so your guests can talk and enjoy the entertainment without it encroaching on conversations. The musicians would typically be dressed in Lounge Suits or Tuxedos (or the female equivalent) to mirror what the guests are wearing themselves. The music portrays an atmosphere of sophistication, which again hopefully reflects the evenings overall ambience.

It is rare for corporate clients to want to dance especially as clients there relationship is business not pleasure! In most cases it is more important that the band is flexible in when it is needed over the course of the evening i.e. At the top of the night for the reception, a smaller version of the band (The pianist maybe for the dinner), stopping for speeches and then after the speeches to play until other entertainment is put on for the corporate clients. In this situation give the band a clear idea of how you expect the evening to go. What to wear, when they will be needed, when they need to get their instruments in the building and be set up, when breaks will be required, let them know if it is convenient or not to feed them and then finally how they can leave when finished so as not to disrupt the rest of the entertainment.

Corporate entertainment model 2.
Company Party.
Still corporate entertainment, still corporate hospitality but a totally different set of requirements for the music. Ask yourself these questions: Are your work force the type of workforce who will want to dance at some point in the proceedings? If they are, then a professional band with flexibility is essential. My experience is that people of all ages will join together to dance to music from the sixties and seventies. Whatever background music you require earlier in the day/evening be it Latin, Swing, Rat Pack or Lounge, if you are hoping to provide entertainment that will get people dancing remember this fact. Sixties and Seventies. For some inexplicable reason this is the music that gets people up on their feet.

When choosing your music ask the band if they can cover this part of the corporate entertainment requirement. Get samples of their music if need be. There is nothing worse than an ill equipped band struggling through alien repertoire. However good the band is, if they do not play the right repertoire, the right style of music then the corporate entertainment will fall on deaf ears.

Let me at this point provide a caveat. Your workforce work together They are not always going to be the best of friends however professional their relationships are at work. Answer truthfully, will they really want to dance together or is it asking too much? I would say that in all the years of providing music for this kind of corporate entertainment / hospitality , as long as the music is right, the workforce tended to dance 30 or 40% of the time. It could be said that a workforce who will enjoy each others company in this way is a reflection on the talent of senior management to create a happy team!

Corporate entertainment model 3.
Company Fun Day.
These come in two types. The type to entertain your own workforce or the type to entertain prospective clients. Both types of corporate entertainment require music that is fun. This means that the music must be perceived as fun and the band must be perceived as fun. In both cases Jolly Dixieland Jazz or the summer sounds of Latin music are most suitable.

Ask yourself these questions: does the band need to be mobile? Meaning do you want the music to move around the site at various points in the proceedings? If so then the jolly jazz route is most suitable. A good professional outfit of four or five players can play acoustically and move around a site as directed.

If the band can be static and close to electrical power then either Jolly Jazz or Latin Music is suitable.

Is the event outdoors or indoors and do you have provision for bad weather? This is England, never trust to luck, assume the worst! Any band that needs power cannot play in the rain for health and safety reasons. At the first hint of inclement weather a band will have to breakdown their equipment. Build this situation into your corporate entertainment music decisions.

How do you want the band to dress? It is a fun day after all! In the past I and my musicians have dressed as Elvis, Cavemen, Circus Clowns, in fact all manner of characters in the name of corporate entertainment and corporate hospitality. Good bands will have suitable outfits for most situations but don`t hesitate in providing something off the wall for a special event. Most professional players have a strange urge to jump into such costumes at the earliest possibility! As someone who has played at a nudist camp and for a toga party, both dressed accordingly, take my word for it!

To draw this article together let me say this. Choose the right kind of music for the event. Brief the band accordingly but make sure you have a professional and flexible outfit, things can change over the course of the event and you want to make sure the band are both co-operative and able to fulfill your needs. Don`t hesitate to ask the band for any special requirements you have. Do it in plenty of time so they have time to prepare.

The corporate entertainment and hospitality you offer to your guests reflects directly onto your company. The music and musicians must be the type who are aware of this. Dont go for second best just to save a small amount of money. You need a well prepared, well dressed band who are both polite and charming to your guests. They need to play the right kind of music for the event in order to help make the day or evenings corporate entertainment a resounding success!

About the author
Jeff Williams is a London based trombonist and vocalist who has worked all over the world in most areas of the business. He also runs a successful, specialist, live music agency using the best of London musicians, servicing both private and corporate clients playing all over the country. He would be happy to advise you with your own event or party and offers bespoke solutions for the perfect occasion.