In a recent newswire, the IRS addressed the changes to the rules on deducting meals and entertainments as business expenses resulting from the enactment of the Tax Cuts and Jobs Act of 2017. The Department of the Treasury and the IRS expect to publish proposed regulations further clarifying this issue.  Until they are effective, the information in this newswire,  which we have presented in our new blog, provides guidance on this issue.

https://www.sharrardmcgee.com/blog.php

Your tax advisor at Sharrard, McGee & Co., PA is ready to answer questions that you may have about business expense deductions or address concerns about any other areas of your business or individual tax planning. Call us at (336) 884-0410 in High Point or (336) 272-9777 in Greensboro.