Unique Perspectives - The DGC Podcast

Deducting Meals & Entertainment Expenses with Scott Thomas

July 27, 2021

Meals and entertainment expense deductions are an effective way for businesses to lower their tax liability. If you are not gathering and organizing this information correctly, you could be leaving thousands of dollars on the table. In this DGC Podcast, Scott Thomas, JD, LLM discusses the recent rule changes surrounding meals and entertainment deductions, and how businesses can be sure that they are claiming these deductions properly.

To watch a video version of this podcast, click here.

Some of the specific items Scott covers are:

  • Airfare for business purposes
  • Lodging for business purposes
  • How does the IRS define the term “restaurant” and why is that so important?
  • Employee meals/snacks treated as de minimis fringe benefits
  • Employee meals with prospects or clients including entertainment
  • Holiday parties
  • Charitable events

If you have questions about meals and entertainment expense deductions, please reach out to a member of your DGC client service team or Scott Thomas, JD, LLM at 781-937-5172 / sthomas@dgccpa.com.

To learn more about DGC, visit www.dgccpa.com.

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