Facebook
LinkedIn
Close
Back

Client Login

- Individual Clients
- Business Clients
- Client Employee


Forgot Your Password? Please try logging in with the last password you remember first. (If that fails, you'll be able to reset your password on the next page.)

QuickBooks Online

BOSS™ Accounts Payable Documents Login


Video Meeting

Join a scheduled video meeting with our staff.
Join Meeting
Close
Send Request

Helping organizations achieve remarkable goals

Dinner, Drinks and Deductions

August 21, 2018

According to new rules from the Tax Cuts & Jobs Act, meals and entertainment tax-deductible expenses for businesses have undergone considerable reform. Because the explanations of new deduction guidelines can be confusing, we’ve created this brief outline for you. A visit with your accounting professional to ensure your Chart of Accounts is correct may also be beneficial.

  • The office holiday party has been salvaged and is still 100% deductible.
  • Taking a client golfing, out to a concert or giving them tickets to a sporting event all fall under entertainment expense. These perks are no longer deductible.
  • Meals taken while on mandatory business travel will remain 50% deductible.
  • Meals provided for the convenience of the employer (i.e. feeding an employee working through lunch or dinner) are now only 50% deductible.
  • Meals provided to the public to generate business remain 100% deductible.
  • Travel for business reasons and costs associated continue to be 100% deductible.

Keep expense details specific with coinciding receipts. Your bookkeeper will be grateful!

Remember, we are here to help, so contact our office any time for further explanation on new meals and entertainment rules.

Back to List


Client Testimonials

  • Todd Timmons, Chairman at Reidville Fire District

    "The BOSS program has been an exceptional addition to the Reidville Fire District. It has eliminated the need for administrative staff. The cost of his program directly benefits the District, which allows more funds to..."

    read more
  • David Taylor, CEO and President at the University Center of Greenville

    "Greene Finney, LLP has been the University Center of Greenville's accounting services provider for over six years; handling general ledger, financial reporting, payroll, 401k funding, bank account reconciliations, and tax reporting. They utilize state of the art technology and..."

    read more
  • Tommy Norris, Fire Chief at Poplar Springs Fire Department

    "Prior to implementing BOSS with Greene Finney, we were utilizing a firm that relied on hand delivery of bills and deposits as well as a manual signature every two weeks. Reports were hard to retrieve and were not very user-friendly. Since switching to BOSS with Greene Finney, we have been completely..."

    read more
  • Joel Manning, Finance Manager at Chester Sewer District

    "BOSS is a very cost-effective solution for your back office accounting needs. We get access to highly qualified and well-trained staff that we could not afford to hire directly. Through BOSS, Greene Finney handles..."

    read more

BOSS is the answer to your back office headaches. Our cloud-based solution enables you to hand complex accounting tasks over to us. We work the numbers while providing you 24/7 access to your data—and all at a fixed, affordable monthly fee.

read more

Latest from Our Blog


Help us. Help others.

Tell us about your experience with our firm.

Review Us