meals and entertainment
Since the passing of the Tax Cuts and Jobs Act at the end of 2017, there has been confusion surrounding what exactly can be deducted as a business expense as it relates to meals and entertainment. Entertainment on its own is no longer a deductible expense, however there are some occasions where meals are deductible…Read More
The Tax Cuts and Jobs Act (TCJA) made significant changes to the deductibility of meal and entertainment expenses. Unfortunately, there’s still a great deal of confusion about which deductions have been eliminated and which remain. Here’s a summary with you, the contractor, in mind. Entertainment and meals The TCJA eliminated most deductions for activities considered…Read More
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