Archives for February 2018
As we study the details of the new Tax Reform law we uncovered this law that many of you golfers may not like.
You may have heard that Uncle Sam won’t let you write off the cost of golf with clients or prospects.
But did you know that with tax reform lawmakers also killed the 100% business deduction for charity golf and other special charity sporting events?
Want to find out more about the changes in the law and how they will affect you?
Before you throw your bag of clubs in the car, read my new article titled Tax Reform Cuts Business Tax Deductions for Charity Golf Outings.
Want to take a client or a business prospect to lunch at a trendy restaurant?
Go right ahead and enjoy the meal. Just don’t expect Uncle Sam to help pay for it.
That is right! Thanks to recent so-called business-friendly tax reform, you can no longer deduct business meals.
Those write-offs are dead and gone.
Oh. I know. Tax professionals are telling you that business meals are still deductible. But they’re wrong as I’ll prove we can prove it with citations from applicable authorities.
Read the letter I just sent my clients.
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