You probably miss getting together with your prospects, clients, and staff for parties and company meals?
Prepare to begin the process all over again. COVID-19 will be a distant memory before we know it. It could happen within the next few months.
Check out the below to see what you can do now, as the law stands, in 2021 and 2022:
Deductible for Tax Years 2021-2022 at 0%
Deductible for Tax Years 2021-2022 at 50%
Deductible for Tax Years 2021-2022 at 100%
Please contact us, if you have any questions about these percentages.
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Spencer Accounting Group, LLC does not provide investment, tax, legal, or retirement advice or recommendations in these blogs. The information presented here is not specific to any individual's personal circumstances.
Keana Spencer is an Accountant, Entrepreneur, and Educator to her clients, with a strong passion. Keana has over 10 years of experience and through her practice, she is a source of knowledge and strategies to her clients.