Settling the Tab for Entertainment Expenses

The conventional wisdom is that only 50% of the cost of routine meal and entertainment expenses is deductible. However, law and other professional service firms that spend a significant sum on these items should be aware of instances where they are fully deductible. Financial advisers can help find them.

8 minute read February 28, 2008 at 07:45 AM
By
Phillip A. Bottari
Settling the Tab for Entertainment Expenses

If you're like many of our friends in the legal community, a week doesn't go by before you or your partners are asked to greet contacts and business prospects over a meal or at an entertainment event.

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