Deducting Meals and Entertainment Expenses

CapataCPA

Deducting Meals and Entertainment Expenses While the Tax Cuts and Jobs Act (TCJA) of 2017 eliminated many deductions for business meals and entertainment, there are still some deductions available.

The Future Of Entertainment? Try Professional Gaming

PYMNTS

It is the juxtaposition of social networking and entertainment and sports all combined,” said Glen Calvert , chief operating officer of Fnatic , a London-based eSports outfit that hires professional gamers, runs tournaments and sells branded gaming apparel and gear.

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COVID-19 and the Sports & Entertainment Industry

KROST

Ronique Davis, one of KROST’s Sports & Entertainment Industry experts, recently attended the Entertainment Industry Virtual Conference hosted by CalCPA. Similarly, most industries have been impacted, and the sports and entertainment industry is one that continues to feel that impact. This year’s Entertainment Industry Virtual Conference hosted by CalCPA , hosted June 23, 2020, was proof of the effects of COVID-19. Entertainment Considerations.

IRS Updates Business Meals and Entertainment Guidance

Katz,Sapper&Miller

21, the IRS released proposed regulations on the treatment of meals and entertainment expenses based on the modifications imposed when the Tax Cuts and Jobs Act (TCJA) was passed into law. On Feb.

Expect Another Year Before Sports, Entertainment Venues Reopen

PYMNTS

Coronavirus COVID-19 entertainment FANS Health News social distancing sports venues What's Hot

Square Names Blizzard Entertainment Executive As Next CFO

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Square , Jack Dorsey’s digital payments company, announced Thursday (January 3) that it named Blizzard Entertainment chief financial officer Amrita Ahuja as its new CFO. In her current role at Blizzard Entertainment, the unit of Activision Blizzard, Ahuja oversees the financials for a business that has more than $2 billion in annualized revenue. Personnel Blizzard Entertainment CFO digital payments News Payment Methods Square What's Hot

Can Sports And Entertainment Really Spark Mall Revivals?

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That’s the thought one gets when reading news via Bloomberg , which reported “when shoppers visit the long-awaited American Dream mega-mall in New Jersey this spring, they can expect to see it crammed with stores, restaurants and entertainment activities.”. Long live physical retail.

Alibaba Tracker: Entertainment Value

PYMNTS

But the largest moves in recent weeks signal that the push to reach entertainment media dominance in China is gaining momentum, especially when it comes to the production of original film, television and streaming content. Alibaba first invested in Damai back in 2014; now, Damai’s ticketing platform will reportedly form a strategic part of the entertainment value chain. The Damai acquisition is just the latest in a string of entertainment industry investments.

Digital Shifts In Entertainment, Retail Logistics And Dining

PYMNTS

Family Video , America’s last major video rental store chain, plans to shutter all of its brick-and-mortar stores. In logistics, Amazon and Walmart are throwing everything from drones to driverless trucks into the battle for the shopper’s whole paycheck.

Hasbro To Acquire Entertainment One For About $4B

PYMNTS

In an all-cash deal, Hasbro will purchase Entertainment One for 3.27 Hasbro Chief Executive Officer Brian Goldner said, according to the report, “Hasbro will leverage eOne’s immersive entertainment capabilities to bring our portfolio of brands that have appeal to gamers, fans and families to all screens globally.” Retail Entertainment One eOne hasbro M&A Monopoly News toys What's Hotbillion pounds or roughly $4 billion in cash.

Payroll In Entertainment A Challenging Production, Says GreenSlate

PYMNTS

In the entertainment industry, there are certainly commonalities with businesses of other sectors. For example, Mike Leiba, COO of GreenSlate , said the continued reliance on paper checks challenges both the accounts payable (AP) and payroll functions of entertainment industry employers. However, Leiba, whose company targets the entertainment sector with its accounting and payroll offerings, spoke with PYMNTS about some of the hurdles this industry faces more than others.

Alibaba Grows Entertainment Value With Damai Acquisition

PYMNTS

Ali announces its acquisition of Damai, part of our big entertainment strategy,” the firm said on its Sina Weibo platform. Damai’s ticketing platform will reportedly form a strategic part of the value chain in Alibaba’s push to grow its media and entertainment business. The Damai acquisition is just the latest in a string of entertainment industry investments. billion) for new projects in media and entertainment.

Private Equity Firms Look For Investments Among Hard-Hit Travel, Energy And Entertainment Sectors

PYMNTS

Those companies, like Blackstone , Carlyle and KKR , are in possession of more than $1 trillion in cash and could be ready to start using it as the coronavirus delivers death blows to companies in industries like travel, entertainment and energy.

Weird Commerce: Sobro Delivers Ultimate Entertainment Experience

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Enhancing the entertainment experience for consumers has been a hot topic over the past few years, and companies are starting to take notice. One company that’s helping lead the charge for providing the ultimate entertainment experience is startup tech company, Sobro Design. weird commerce binge-watch bluetooth speakers coffee table connected lifestyle connectivity entertainment Evan Dash Innovation News refrigerator Retail Sobro Sobro Designs startups Storebound Technology

Entertainment Destinations Could Save Traditional Malls

PYMNTS

And now some developers, retailers and entertainment producers believe that immersive destinations could potentially fill millions of square feet of empty retail space. With brick-and-mortar retailers closing hundreds of stores, the future of the mall has looked bleak. But some say tales of its impending death have been exaggerated.

How AP Simplicity Can Help Entertainment Talent Get Paid On Time

PYMNTS

The already-sizable online entertainment sector is growing quickly as consumers who are staying at home during the pandemic turn to eMagazines, digital movie rentals and streaming services to stay engaged.

Chatbot Tracker: Entertaining Bots And Their Potential To Kill Apps

PYMNTS

But is this “entertaining bot” just entertaining an interest? Chatbots’ capabilities seem to be extending and expanding weekly. They can help consumers bank easier, ship and track gifts quicker, plan a vacation with less stress and even talk to those who have passed away. Now, chatbots can even help plan a party. Beverage company Pernod Ricard launched a chatbot bartender that helps party hosts create cocktails for their event.

Big US Mall Operators Look To Sports Entertainment For Growth

PYMNTS

Allied Esports describes itself as “a premier esports entertainment company with a global network of dedicated esports properties and content production facilities.” And as this new Simon investment suggests, entertainment could also play a part in helping mall operators survive or perhaps even find growth. And now some developers, retailers and entertainment producers believe that immersive destinations could potentially fill millions of square feet of empty retail space.

Walmart Amazon Whole Paycheck Tracker: Grocery Upgrades, Entertainment Expansions

PYMNTS

As the spending season gets into gear with Black Friday looming on the horizon, the action is getting more interesting in the Walmart-Amazon race for the consumer’s whole paycheck. The moves are getting broader (particularly on Amazon’s side) and deeper (particularly on Walmart’s side). The question, in the final countdown to prime shopping time nationwide, is how much ground can be covered — and where the strategic hold points will ultimately shake out.

Tax Reform: Major Changes to Meal and Entertainment Expenses

Katz,Sapper&Miller

The Tax Cuts and Jobs Act (TCJA) largely eliminates the deduction for entertainment expenses. While there are a few unanswered questions (specifically how this provision affects meals), its effect is immediate. As a result, businesses should incorporate this change without delay

Broadway Is ?Frozen? By The Pandemic, And Live Entertainment?s Future Looks Chilly As Well

PYMNTS

Summer looms, and for those who had hoped for some return to normalcy — baseball games, movies, trips to New York City to see well, anything — those hopes appear dashed to a large measure.

Entertainment Brands Reel In Subscribers With Rewards In The Netflix Age

PYMNTS

Big entertainment brands are growing their subscription offerings in hopes of creating engaging relationships with their customers. According to some observers, Netflix can raise its price as long as it provides the kinds of entertainment that viewers value.

VR Startups Create Entertainment Locations In Old Retail Space

PYMNTS

The Void, another VR entertainment company has a VR park in Lindon, Utah which combines a physical set with VR film experiences. Virtualities, the company that runs virtual reality theaters and arcades, has been opening up locations in strip malls and retail space that are being abandoned due to the move toward online shopping.

Apple TV — Now Bringing Consumers Pizza With Their Entertainment

PYMNTS

Siting in front of the TV and eating is such a prominent American activity that if we were a more self-aware nation we would likely declare it our national pastime instead of baseball. And while we may not quite know ourselves well enough to admit that we as a nation are ready to medal in “eating pizza while zoning out to reality TV,” it seems the team in Cupertino does know us that well — and thus is making it possible to order a pizza from one’s Apple TV.

Update Bricks Lexus’ Dashboard Navigation And Entertainment System

PYMNTS

At the same time that Tesla is defending itself from drivers who are trying to claim that its sophisticated self-driving features are causing them to lose control and barrel off the road, Lexus is learning that, sometimes, the connected car can be more of a headache than strictly mechanical vehicles ever were.

Los Angeles Based CPA Firm Announced New Principal, Stacey R. Korman, CPA, MST

KROST

She is also an integral member of the Sports & Entertainment and Financial Services industry groups. Accounting , Sports & Entertainment. Pasadena, CA. KROST CPAs and Consultants, the Los Angeles based firm, has announced a new Principal, Stacey R. Korman, CPA, MST.

Disney To Create Central Organization Focused On Content Streaming

PYMNTS

12) that it will be working to prioritize its streaming by centralizing its media and entertainment operations into one organization responsible for all content distribution, ad sales and Disney+, CNBC reported. Loeb said the company is pleased to “thrive in the next era of entertainment.”.

Payments Play A Starring Role In The Entertainment Economy

PYMNTS

If content is king in entertainment, is content delivery the coin of the realm? Payments Innovation digital media entertainment Main Feature PayPalThis week, PayPal debuted what it termed the “second wave” of its Digital Goods Economy Survey in tandem with the research efforts of SuperData — and it sure seems that way. .

Caesars To Resume Gaming, Hospitality Operations In Vegas

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As it gears up to reopen in Las Vegas, Caesars Entertainment Corporation said it would resume its gaming and hospitality functions at Flamingo Las Vegas and Caesars Palace at “the date and time for reopening specified by the state of Nevada.”

AMC Dodges Bankruptcy With $917 Million Capital Infusion

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Struggling movie theater chain AMC Entertainment Holdings has dodged bankruptcy by raising $917 million in new equity and debt capital, a move it says should allow it to stay in business “deep into 2021.”. Investments AMC Entertainment funding News Retail What's Hot

Amazon Music Hits 55M Streaming Subscribers

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Amazon Entertainment Amazon Apple entertainment media Music News Spotify Streaming subscriptions What's HotAmazon Music has been steadily gaining in popularity despite only being around since 2016, a full two years after Apple debuted its own music service.

Movie Attendance Expected To Drop 25 Pct Post-COVID, Report Says

PYMNTS

Retail consumer sentiment Coronavirus entertainment Flix Brewhouse movie theaters movies News What's HotThe head of a Southwestern-U.S.

Movie Chain AMC Says It Could Go Broke By Year’s End

PYMNTS

AMC Entertainment Holdings Inc. Retail AMC Theatres bankruptcies COVID-19 entertainment movies News What's HotThe parent of AMC Theatres says it's on track to run out of cash by early 2021 at the latest. wrote in a "current report" filed on Tuesday (Oct.

18,000 Furloughed MGM Resorts Employees Laid Off

PYMNTS

Concerts, sports and awe-inspiring entertainment remain on our horizon.” . Personnel COVID-19 Editors' Picks entertainment jobs MGM Resorts News personnel What's HotMGM Resorts International CEO William Hornbuckle delivered bad news to his 18,000 furloughed U.S.

Will Movie Theaters Make It?

PYMNTS

AMC Entertainment Holdings announced this week that it “expects to open approximately two-thirds of its more than 600 U.S. Retail Consumer Spending COVID-19 entertainment movies News pricing

Ticketmaster Events Won't Require Proof Of Vaccination, COVID Test To Attend

PYMNTS

Coronavirus entertainment News Ticketmaster What's Hot

Regal Cinemas Owner Cineworld Considers Temporary Closure Of US, UK Theaters

PYMNTS

You can’t blame a studio or director for holding back the release of a film,” said Paul Glantz, co-founder of Midwest movie theater chain Emagine Entertainment Inc. Economy Cineworld economy entertainment international News Regal Cinemas What's Hot

Home Reorganization Becomes Big Business In A Stay-At-Home World

PYMNTS

After all, homes now function not only as shelters, but also as offices, schools, entertainment centers and dining establishments. The first part tends to be a little more entertaining. Retail COVID-19 entertainment Main Feature Netflix News Saturday Feature

Spotify Launches ‘Video Podcasts’

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Subscriptions content entertainment media News Spotify Streaming What's Hot

James Bond’s License To Close Movie Theater Chains

PYMNTS

Economy Cineworld disney economy entertainment Featured News News Regal CinemasThe past six months have been unquestionably difficult for movie theaters. First, they got shut down in early spring by mandated closures that lasted in many places until nearly summer’s end.

Amazon Streaming Gain Comes Amid Bigger Industry Changes

PYMNTS

This news comes not only amid ongoing and anticipated changes in the world of streaming, but also as consumers’ homes become a bigger center of commerce, entertainment and payments. Entertainment has also been taking on new forms as social media and tech evolve.

Chuck E. Cheese Seeks Loan For Debt Payment

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Cheese entertainment lenders loans News pandemic Restaurants What's HotChuck E. Cheese , the popular food and games chain, is talking to investors about ways to raise money to avoid filing for bankruptcy, The Wall Street Journal reports.

Apple Delays In-App Online Event Fee Requirement Until June

PYMNTS

Apple entertainment Events News What's HotApple has extended a deadline for in-app fees for online events through June of next year, a posting on a developer site says. The original date for the requirement was to be December of 2020, but that has now been extended to June 2021.