The Tax Cuts and Jobs Act passed late in 2017 made several changes to the way that businesses, big and small, will be able to deduct expenses for meals, travel, and entertainment. As always, we are committed to keeping our clients informed of changes and how they will impact their specific tax situations. Please click below to view more information about the deductibility of meal and entertainment expenses in relation to your business. These rules are already in effect for 2018.
Please contact us if you have specific questions or are interested in tax planning associated with these changes.