Posts tagged: business related deductions

Limits on Entertainment Deductions Under New Tax Law

New Tax Reform Bill and Business-Related Deductions The GOP’s tax-reform bill that President Trump signed on December 22nd of last year eliminated the business-related deduction for entertainment, amusement or recreation expenses, effective beginning in 2018. If you are a business owner who is accustomed to treating clients to sporting events, golf getaways, concerts and the […]