How to Calculate Meal Deduction for the Self-Employed. If you're self-employed, one tax benefit you can take advantage of is the deduction for meals and entertainment. As long as the meal takes place when you are conducting business, you can deduct the f
Due to the Tax Cuts and Jobs Act (TCJA), small businesses and self-employed people can’t deduct most business entertainment expenses – such as sports event tickets, club fees, and recreational activities. Business meals can still qualify for at least a 50% deduction if they meet all the...
the IRS made a critical change from the proposed regulations to the description of persons who are considered suitable recipients oftax-deductiblebusiness meals, adding "taxpayer" to that description. This change allowsself-employedtaxpayers to access the deduction.15 ...
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Reports on the support of various restaurant businesses across the United States for a bipartisan measure sponsored by the US legislators that would restore to 80 percent the business meal tax deduction allowed with ...
Although clear disadvantages (e.g., generalizability) exist for nonprobability samples, convenience sampling was employed as it is suitable for the research without generalizing the results [56]. Additionally, it has some advantages when dealing with a large population and restricted resources, ...