Take a practical approach with new entertainment and transportation expense rules

July 25, 2018

As of Jan. 1, 2018, new rules in the Tax Cut and Jobs Act affect how a business should treat expenses for meals, travel and entertainment for tax purposes. Employers are trying to adjust to the new tax laws. Tax professionals are also coping with the new rules and helping taxpayers deal with the required changes.

Until guidance is received from the IRS, practical approaches can help reduce the frustration of implementing these new rules.

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