There are a number of significant changes to meals and entertainment deductions ... rather than me telling you all about it, you may want to watch this 5 video from tax expert Mark Kohler (posted with permission).
UPDATE: Oct 31, 2018... see video below for details.
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Note: This is general information to help you gain an understanding of U.S. tax laws. I am not a tax attorney or tax … (9 comments)
Here is a chart that can that you can use as a guide:
A few tips to note: Is It Ordinary? Is the expense common for your business? If you are claiming something highly unusual for your business expenses it may be flagged and questioned by the IRS. It is usually easy to identify the "ordinary' expenses. Is It Necessary? Consider if it is helpful and appropriate for your business. It does not have … (3 comments)
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