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Tuesday Tax Tip

Remember: as you faithfully label and save every business entertainment receipt: Business Entertainment is reduced or eliminated from current business taxes.  The TCJA allows meal expenses incurred in connection with business entertainment (meals at games) and meal expenses to wine and dine prospects and customers are still 50 percent deductible, but many entertainment expenses acceptable prior to 2018 are no longer a write off.  For full details talk to a tax professional.  We can help you find the right professional at www.businesstaxprep.org.