Resource Center Alerts

Alerts

The Tax Cuts and Jobs Act Affects Meals and Entertainment Deductions

Tax-R&D-thumb.jpg

Under new law (P.L. 115-97), the deductibility of business-related meals and entertainment expenses was changed.

Previous law authorized businesses to deduct 50 percent of business meals and entertainment, and 100 percent of meals provided through in-house cafes, meals provided at the convenience of the employer, and “de minimis” fringe meals. However, under new law, the deduction for entertainment was eliminated and the deductibility of certain meals are now limited where previously there was not a limit.

Does your business dine with or entertain customers, clients or vendors, provide meals and travel expenses to employees, hold office parties and celebrations for employees, and events for customers? Understand the changes to these deductions in our side-by-side comparison of previous and present law.


Contacts

Haley Roberts, Manager | DHG Tax
haley.roberts@dhgllp.com

 

Explore more insights and featured analysis on our Tax Reform page.



Industry Issues



Services In Focus
Alerts, News
& Publications


Georgia Enacts Income Tax Legislation

On March 2, 2018, Governor Deal signed “House Bill 918” (the bill) into law,...
Read More

DHG Partner Liz Gantnier to Serve as AICPA Quarterly...

Charlotte, N.C., March 22, 2018 – Dixon Hughes Goodman, a...
Read More

The Tax Cuts and Jobs Act Affects Meals and Entertai...

Under new law (P.L. 115-97), the deductibility of business-related meals and...
Read More

Events



Blog

Have You Heard of...
WCSC-TV’s Live 5
Read More

Warranty Woes in ...

Warranties seem
Read More

Case Studies