Is a opening party prior to the commencement of the business trading tax deductible?

Answers:0   |   LastUpdateAt:2012-07-28 18:27:59  

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Sandro!
Asked at 2012-07-28 18:27:59
i have a little situation here i would require some help with:
if there is a opening party for a company on the day before the business starts trading, is the opeing party expense still tax deductible? The opening party is for like local suppliers, potential customers, advertising for the business, etc.
IF anyone know these answer, may you please also link me the reference from the ITAA?
thank you
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