Throughout the course of conducting business, meals and entertainment costs can add up. Thankfully, substantial tax savings may be secured through Meals & Entertainment (M&E) deductions. At TSG, we have specific experience helping clients minimize payments and maximize tax advantages from their M&E expenses. In order to realize these savings, expenses must be properly and carefully classified and substantiated by an experienced professional.
Common Fully Deductible Expenses
- Sales & Marketing Meetings
- Transportation
- Holiday Party
- Morale-Building Events
- Occasional Group Meals
- Snacks
- Overtime Meals
- On-site Training Meals
- Consulting Fees
- Mass Marketing Events
Who May Benefit from M&E Deductions
- Pharmaceutical companies
- Manufacturers
- Retailers
- Distributors
- Professional Services Firms
- Consulting Services Companies
- Media and Technology Corporations
