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Chew on This: Meals and Entertainment Expenses
Posted Aug 26, 2019
IRS Notice 2018-76 clarifies the new rules around food and beverage deductions under the Tax Cuts and Jobs Act (TCJA). The TCJA eliminated the traditional 50% deduction for business meals and entertainment, effective in 2018. Therefore, businesses can no longer deduct the cost of expenses relating to entertainment, such as the cost of sporting or […]
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