Small Business, Eating Out Tax Savings

Posted March 10, 2008 by Margie Zable Fisher

I read a great article in Fortune Small Business about overlooked tax deductions. I was intrigued by someone in the article who said she and her partners (who also happen to be family members) hold a monthly dinner at a restaurant, which they treat as an offsite strategic planning meeting (100% deductible) rather than a business meal with a client (50%). My accountant tells me it’s too risky, but I’m wondering if any of you have any thoughts.

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