MMDA- Making meals deductible again

By elitecpas | July 14, 2022 | Comments Off on MMDA- Making meals deductible again

Have you missed partying and having business meals with your prospects, customers, and employees? Well, get ready to start again. Soon, COVID-19 will be behind us, we can get back to normal. To help you get ready, check the table below for what you can do in 2021 and 2022 as the law stands now:…

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Tax Reform’s effect on meal deductions

By elitecpas | May 8, 2019 | Comments Off on Tax Reform’s effect on meal deductions
Tax Reform sign

We’ve published a lot of this topic but sometimes less is more. On the chart below, we take 12 different types of business meals and show how tax reform affects your tax deduction. Remember, you still need to document the 5 W’s to make the deduction withstand IRS scrutiny:   Who What (dollar amount and…

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