By: Scott Lawrence | 06/14/18
The Tax Cuts and Jobs Act (“TCJA”) of December 2017 makes several significant changes to the deduction for meals and entertainment related to a taxpayer’s business. These changes will affect almost all taxpayers and may necessitate changes to accounting systems or reimbursement policies to ensure compliance with the new rules. The following discussion reviews the changes under the TCJA and which expenses remain 100% deductible, 50% deductible or not deductible at all.
For further details regarding these changes, click here.
If you have questions about these changes and how they might affect your business, please contact your Bennett Thrasher tax advisor by calling 770.396.2200.
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