Businesses can now deduct meals and beverages

A temporary exception lets businesses claim a 100% tax deduction on food and beverages from restaurants. Businesses can typically take a a 50% deduction on meal and beverages, as long as it’s reasonable. And, the client or employee is present when the food or beverages are served.

Check the #IRS guidance for more information: http://go.usa.gov/xHgy8

Share This Post

More To Explore