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Season Tickets? Steak Dinners? Small Firms Rethink Client Events After Losing Tax Break

A wholesale distributor plans to replace some expense-account lunches with open houses for customers. A marketing firm has stopped reimbursing employees’ commuting expenses and is giving them raises instead. A tax-audit defense firm is giving up its season tickets to Sacramento Kings basketball games.

These are some of the ways small-business owners are responding to changes in the tax law that reduce or eliminate some popular deductions for meals, entertainment and transportation, though many of the fine points are unclear….

Article source: https://www.wsj.com/articles/tax-law-makes-companies-rethink-entertainment-expenses-1526558400

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