I thought I'd share some good news as it seemingly "feels" like we might be seeing some improvements of our current COVID-19 protocols that would allow us to venture toward our more "normal" business activities that will now be more conducive to connecting with our Customers again.
When you know the rules, Business Entertainment and “Employee Entertainment” costs are allowed to be tax-deductible.
The IRS says that the following types of entertainment qualify for the 100 percent employee entertainment tax deduction.
To help you get ready, check the table below for what you can do in 2021 and 2022 as the law stands now:
The new, massive stimulus bill enacted into law on December 27, 2020, contains eight new tax breaks designed to help the non-business taxpayer.