Changes to Deductibility of Meals and Entertainment Expenses Post-New Tax Law

 


2017 Expenses (Old Rules)		 2018 Expenses (New Rules)
Office Holiday Parties 100% deductible 100% deductible
Entertaining Clients 50% deductible No deduction for entertainment expenses
Event tickets, 50% deductible for face value of ticket; anything above face value is non-deductible
Tickets to qualified charitable events are 100% deductible
Business Meals e.g. Employee Travel Meals 50% deductible 50% deductible
Meals Provided for Convenience
Of Employer		 100% deductible provided they are excludible from employees’ gross income as de minimis fringe benefits; otherwise, 50% deductible 50% deductible
(nondeductible after 2025)

Have questions? I’m here to help.

Categories
Accounting and Tax Services Litigation Support Managed Care Consulting Managed Care Contract Negotiations Medical Practice and Healthcare Entity Valuation Medical Practice Assessment Medical Practice Brokerage Medical Practice Embezzlement Consulting Medical Practice Management Medical Practice Merger Advice Medical Strategic Planning Newsletter Personal Financial Planning Oversight Physician Compensation Models Physician Compliance Physician Financial Management Services Retirement Uncategorized
About Reed Tinsley, CPA

As a top advisor to physicians, I help increase practice profits by delivering hands-on, expert medical accounting/tax support, practice counsel, and revenue-building strategies. Read More >

Reed Tinsley, CPA for Physicians