Interacting with the government has become more and more prevalent in all sectors of the economy, whether through the use of outside lobbyists or a company’s own employees. The rules governing lobbying disclosure vary widely from state to state, so an interaction in one state may require registration and reporting and an identical interaction in another state may not. For example, in some states, efforts to secure a government contract are considered to be lobbying, while in other states lobbying means only attempting to influence legislation.
Moreover, there are complex gift and ethics rules that limit whether a company can take a government official to lunch, provide tickets to a sporting event or simply allow an official to attend a trade show. The limits on gifts may change depending on whether your organization is registered to lobbying or whether it has a contract with a state.
How do we account for lobbying activities?