As tax planning season is upon us, we wanted to outline the various deductions available to certain business expenses. Please contact a dental specialist at BerganKDV with any questions.
50% Deduction
- Employee travel meals
- Client meals
- Client entertainment (sports tickets, etc.)
- Employee conference meals
100% Deduction
- Meals for convenience of employees
- Non-meal expenses (transportation, lodging, meeting room rental)
- De minimis expenditures
- Items available to the public (coffee in lobby)
- Reimbursed expenses
- Item treated as compensation
- Business gifts under $25.00
- Employee recreation meals (company-wide)
No Deduction
- Club dues
- Business gifts over $25.00
- Skybox fees
- Lavish or extravagant expenses
- Personal items
Items without documentation/substantiation
