May 2018 Newsletter

Meal and entertainment deduction changes for 2018


Changing tax laws seems to have become more of the norm than the exception. 

With the sweeping tax law changes that went into effect in 2018, there are a number of changes that impact the tax deductibility of meal and entertainment expenses which are worthy of a discussion. It is important to note that this article deals specifically with business expenses reported on schedule C, not employee expenses reported on form 2106 or schedule A.

Travel, lodging and continuing professional education remain 100 percent tax deductible. It is important to distinguish and maintain separate accounts on the financial statements for travel, lodging and continuing education as well as the three types of meal expenses (100 percent, 50 percent and 0 percent deductible) and other categories discussed throughout this article.





The Deductr Newsletter is a monthly publication.

Webinar_Deductr_Logo_transparent.png Help_Center_Facebook_Icon_45x45.pngHelp_Center_Twitter_Icon_45x45.pngHelp_Center_Email_Icon_45x45.png

May News & Views 

This month's dish of tax tips, business trends, helpful hints, and humor served fresh right to your inbox!  



Deductr Live Webinar 

Thursday, May 24th at 7:00 pm MST



Attend One of Our Wild and Zany Webinars!

Actually our webinars are pretty tame. We just thought it would be fun to use the word Zany... 

But they are full of good information. You'll learn something new (we promise) and you might even chuckle at one of Doug's dumb jokes... (Emphasis on the word "might.") 

Join us on Thursday, May 24, at 9:00 PM Eastern Daylight Time for a LIVE Deductr training webinar. Our director of Training, Doug Long, will take you through Deductr from top to bottom, click-by-click, so you'll be familiar and comfortable with it by the time you sign off.



Was this article helpful?
1 out of 1 found this helpful
Have more questions? Submit a request


Article is closed for comments.