Meals and Entertainment Deduction Still?
For more than three decades companies have been able to deduct 50% of meals and entertainment expenses directly related to business activities. This included taking potential clients, employees, or other business associates to lunch. It also included meals while on business related trips. Additionally, employers that provided meals to employees on business premises had been able to deduct 100% of the expense as a "de minimis" fringe benefit. One of the many changes the Tax Cu