Video Podcast: Deducting Meals & Entertainment Expenses
7/27/2021Articles & Podcasts
Meals and entertainment expense deductions are an effective way for businesses to lower their tax liability. If you are not gathering and organizing this information correctly, you could be leaving thousands of dollars on the table. In this DGC Video Podcast, Scott Thomas, JD, LLM discusses the recent rule changes surrounding meals and entertainment deductions, and how businesses can be sure that they are claiming these deductions properly.
Some of the specific items Scott covers are:
Airfare for business purposes
Lodging for business purposes
How does the IRS define the term “restaurant” and why is that so important?
Employee meals/snacks treated as de minimis fringe benefits
Employee meals with prospects or clients including entertainment
If you have questions about meals and entertainment expense deductions, please reach out to a member of your DGC client service team or Scott Thomas, JD, LLM at 781-937-5172 / firstname.lastname@example.org.
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