Meals are not necessarily Entertainment

You may have heard that in the Tax Cuts and Jobs Act (TCJA), passed in December of 2017, there was a prohibition put in place against entertainment expenses. Historically, there was a deduction allowed of up to 50% of those entertainment expenses that were otherwise an ordinary and necessary business expense. However the TCJA removed…

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Why you should be an Accounting Star

What I want to share in this article, is my perhaps radical perspective for young accountants, not necessarily young in age, but young in their careers. Those just out of school, or maybe in the first few years of their careers, particularly entrepreneurial accountants. These accountants are working for entrepreneurs or for growth organizations and…

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Tax Deductible Meals

After the tax law change in December of 2017, I think the questions that have been on everyone’s mind are, “At what point would a meal expense be considered an entertainment expense? And is it possible that under this new law that we might lose deductiblity of some business meals because they might be considered…

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