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When Can You Deduct Business Meals and Entertainment?

RogerRossmeisl

Youre not alone if youre confused about the federal tax treatment of business-related meal and entertainment expenses. Current law The Tax Cuts and Jobs Act eliminated deductions for most business-related entertainment expenses. The post When Can You Deduct Business Meals and Entertainment? Food and beverage costs.

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Japanese Restaurant Owner Avoids Raw Tax Deal

CPA Practice

Cohan claimed deductions for various travel and entertainment expenses, but said he was too busy with his hectic career to take the time to document all the expenses. Subsequently, he hired a CPA to try to clean up the mess. Cohan, the “Yankee Doodle Dandy” born on the Fourth of July. The returns were prepared by a professional.

Tax
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Optimism declines among accountants

Accounting Today

The 2025 Avalara Accountants Confidence Report , produced by Avalara in conjunction with CPA Trendlines, polled 623 accounting professionals and found a shift from cautious optimism to greater pessimism, thanks to various economic pressures and policy uncertainty. EDT 3 Min Read Facebook Twitter LinkedIn Email U.S.

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Backstage with Donna Branston: CPABC Podcast Feature

DMCL

DMCL is thrilled to share that Donna Branston , our Entertainment Accounting and Business Management Partner, was recently featured in CPABC’s Backstage Pass , a podcast exploring the unique stories of CPAs working in entertainment.

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AUP Inspections and the NYS Film Tax Credit Program

Withum

An AUP inspection is performed by a pre-qualified CPA firm and is submitted along with the final tax credit application upon completion of the production/project. What Is a Pre-Qualified CPA Firm, and How Can Utilizing Such a Firm for an AUP Inspection Benefit Your Production? What Is an Agreed Upon Procedures (AUP) Inspection?

Tax
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M&A roundup: Plante Moran, Sax and GHJ expand

Accounting Today

In 2023, Sax merged in Schall & Ashenfarb CPAs , a firm based in New York. In 2022, Sax acquired David Weiss CPA , also in New York. a firm that specializes in profit participation and entertainment accounting and is also based in Los Angeles. It has over 250 professionals and 23 partners across the U.S.

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Top Remote Accountants of the Week | October 17, 2024

Going Concern

ACCOUNTING CANDIDATES FTE Accounting / Bookkeeping | Candidate ID #18014117 Certifications: QBO ProAdvisor, Xero Certified Education: BA, MBA Accounting Experience (years): 9+ years accounting experience Work experience (detail): Currently a Senior Bookkeeper/Team Lead with a public firm 5+ years managing outsourced accounting for multiple clients (..)