Sentences with phrase «entertainment expenses under»
Generally, meal and entertainment expenses under seventy - five dollars do not require a written receipt.
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Evaluate entertainment expenses: Businesses may want to examine what entertainment expenses they incurred and determine how to focus more on those expenses that are deductible under the new tax law.
To recap, under prior law you were allowed to deduct 50 % of your qualified business entertainment and meal expenses.
LPCiminelli said in a statement that under the terms of their contract, all the meals and entertainment expenses were allowed.
The University at Buffalo Foundation spent almost $ 40,000 on questionable entertainment expenses, operated for three years under an expired contract with the campus, and lacks policies to ensure contracts are competitively bid, according to an audit released yesterday by the state comptroller's office.
1) Pay for all variable expenses in cash (groceries, clothing, for, entertainment, blow, and eating out) 2) Pay off all loans 3) Buy cars in cash 4) Keep housing cost to under 1/5 of monthly income 5) SAVE and invest in assets that go up, preferably when the market is down.
No Deductibility of Entertainment Expenses The new law states that taxpayers can not take a deduction if the activity falls under any of three categories: entertainment, amusement oEntertainment Expenses The new law states that taxpayers can not take a deduction if the activity falls under any of three categories: entertainment, amusement oentertainment, amusement or recreation.