The Tax Cuts and Jobs Act ended a deduction for business entertainment, but retained write-offs for business meals. Final regulations clarify the rules for taking deductions for business meals, including the percentage of the cost that’s deductible. The fact that business meals may be pleasurable doesn’t transform them into nondeductible entertainment costs. #IdeaoftheDay
Barbara Weltman
Big Ideas for Small Business, Inc.
Subscribe and download our eBook, "150+ Tax Deductions for Small Business A to Z."
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