Tax Deductions 🙂
The meals and entertainment deduction has been tweaked so often that it’s difficult for business owners to know which deductible and disallowed expenses.
Here are some meal expense categories you might be keeping track of:
Office snacks — if you occasionally provide coffee and snacks in the break room for employees.
Office meals — if you provide food to your employees for the required annual all-hands meeting.
Meals for the employer’s convenience — if you encourage staff to finish a project by providing meals for those who work overtime.
Travel meals — if your employees are reimbursed for meals they consume while on a business trip.
Business meals — if you meet a client or a business prospect for lunch and pay for both meals.
Company party — if you provide food and entertainment at your annual holiday party.
Entertainment — if, for example, you buy baseball tickets for employees, clients, or prospects and pay for all the food they consume that evening.
Of course, the meals and entertainment deduction is just one of the HUNDREDS tax strategies you should apply.
And that’s why I want to give you a free tax assessment, to make sure you save as much as possible this year.
Let’s chat—-> [schedule a time here]