CONSIDERING DIVORCE? THINK ABOUT YOUR TAX FILING STATUS
June 4, 2018
SUMMER’S A TIME FOR VACATIONS AND TAX PLANNING
June 20, 2018

 

DEDUCTIBILITY OF BUSINESS MEALS IS NO LONGER CLEAR CUT


Deducting business meals with clients is no longer so clear-cut following the passage of the Tax Cuts and Jobs Act. That’s because meals are still 50% deductible, but entertainment isn’t. Make sure you make a clear distinction between entertainment and meals by keeping an expense log documenting the business purpose of each meal.