Business entertainment – what can I deduct?

The conditions and limitations for business and entertainment deductions are the following:

  • A business discussion should be held before, during or after the entertainment.
  • Usually, the deduction is limited to 50% of the cost for entertainment and meals.
  • In settings where spousal attendance is customary, expenses of spouses of business associates (and your own spouse) can be included in the deduction.
  • There are more limitations for club dues, entertainment facilities and skyboxes.

Posted in: Travel and Entertainment

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