As of January 1, 2018, the Tax Cuts and Jobs Act (TCJA) is now in place, and comes with new implications that could impact your business. Although the tax reform has been enacted, the IRS will still be releasing more detailed information and regulations throughout the year. Stay tuned — we’ll publish updates to this series as information is released!
Here are important deductibility changes relating to Meals and Entertainment expenses:
*Note: These changes only affect expenses paid or incurred after December 31, 2017.