Year end tax planning – Don’t get nickel-and-dimed by M&E expenses
$225.00
Description
Abstract: An often overlooked way that construction companies lose cash flow is by failing to properly deduct meal and entertainment (M&E) expenses. Contractors do incur a significant amount of these costs in providing food and beverages on job sites and during project meetings. This article looks at the pros and cons of both the per diem method and an “accountable plan” in reporting these expenses, while a sidebar discusses travel expenses.
Additional information
Year | |
---|---|
Niche | |
Newsletter | |
Issue | |
Word Count |