Meals & Entertainment Exceptions (loopholes) - a podcast by Mac Tax

Under the new "Tax Cuts and Jobs Act" tax reform law Entertainment business expenses are no longer 50% deductible. Entertainment expenses are fully disallowed and must be added back to a companies net income for tax purposes. With any law there are exceptions and I wanted to highlight a couple of key exceptions you can take advantage of as highlighted by Forbes (link below). Let me know if you guys have heard of any of these exceptions and feel free to send me an email at mactaxcpa@gmail.com for any questions or suggestions. 

https://www.forbes.com/sites/forbesnycouncil/2018/11/13/how-the-new-tax-laws-affect-your-meals-and-entertainment-deductions-for-2018/#363c8e30606b

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