It seems there is still plenty of confusion about the meals and entertainment deduction as it relates to the new tax law, the Tax Cuts & Jobs Act (TCJA). I believe the entertainment piece (not deductible) is fairly clear. Where most business owners will be affected is for employee social gatherings. The accountants who lobby for you are still working to try to get this clarified with the IRS. If you would like further reading about this, as it has the potential to be a very big deal for some organizations, you can click on the link and read the article. Any questions feel free to call the Foster & Dolleck, CPA’s team at 402-391-7030 or email contact@fosterdolleckcpas,com. http://ow.ly/3oiX30mNJ83

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