Meals and Entertainment: To Deduct, or not to Deduct?
Earlier in the year, we released two tax law guides to help you understand what the Tax Cuts and Jobs Act changed for businesses and individuals. You can find these here if you haven’t seen them already: What the Tax Cuts and Jobs Act means for you or your business.
To follow up on the conversation we started in January, we’d like to present this, our third guide (and accompanying video); covering the key provisions of the new tax law that apply to employers in the area of meals and entertainment deductions.
Keep in mind that this, like the other guides, is a broad overview meant as a starting point for discussion. Many of these laws have subtle nuances and exceptions. For specific questions on what they may mean for you, please reach out to us at taxtalk@ellinandtucker.com. One of our tax experts will be glad to help.
All copyrighted material utilized herein is considered to fall under the scope of “Fair Use” for educational purposes. Music: https://www.bensound.com/royalty-free-music
Click here for a print-friendly PDF: Tax Law Comparison Chart – Meals & Entertainment – Print
As a Director in the Tax Department of Ellin & Tucker with more than a decade of tax and financial planning expertise, Dan is one of the firm’s foremost advisors regarding tax-efficient investment strategies and financial tools designed to meet the needs of privately held business in a multitude of industries, as well as high net-worth individuals and their families. He can be reached at dthrailkill@ellinandtucker.com.
As a Principal in the Tax Department of Ellin & Tucker, Mike brings to the table a wealth of national and international tax planning and compliance expertise spanning more than a decade. His extensive experience and inside knowledge of privately owned companies enables him to provide the highest level of practical and technical tax compliance and consultation. He can be reached at mcirangle@ellinandtucker.com.