Meals and Entertainment
Activity |
2018 Expenses |
2017 Expenses |
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Office holiday parties, |
100% deductible |
100% deductible |
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Entertaining clients |
Meals 50% deductible |
50% deductible |
Meals with prospects |
50% deductible |
|
Events such as theatre |
50% deductible |
|
Charitable event tickets – |
Tickets to qualified charitable |
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Business meetings of employees, |
50% deductible |
50% deductible |
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Expenses for attendance at a |
Meals – 50% deductible |
50% deductible |
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Employee travel meals |
50% deductible |
50% deductible |
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Meals provided for the |
50% deductible |
100% deductible if a |
Examples
Example Activity |
2018 Expenses |
2017 Expenses |
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Meal with a client in town (not |
50% deductible |
50% deductible |
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Meal with a client while traveling |
50% deductible |
50% deductible |
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All employee meeting with food |
100% deductible |
100% deductible |
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Open house for customers and |
Employee portion – |
Employee portion – |
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Company sponsors a table at a |
Value of meals – 50% if |
Meals – 50% deductible |
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Golf sponsorship and outings |
Meals – 50% deductible if (Remainder is charitable contribution) |
Meals and golf – |