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 […]