Virtual Business Solutions Service

Tax Tip Tuesday! 🍽️

Did you know that taking a client to lunch may save you money at tax time?
If you’re discussing business over a meal, the cost of the meal and the tip may qualify as a business expense. Under current IRS rules, and depending on your individual circumstances, 50% of the total qualifying meal expense (including the tip) is generally deductible.

✅ To qualify:�• The meal must have a legitimate business purpose.�• You or one of your employees must be present.�• The expense can’t be lavish or extravagant.�• Keep the receipt and make a note of who attended and what business was discussed.

📌 Good recordkeeping is just as important as knowing the deduction!

Have questions about business deductions? I’m here to help you keep more of what you earn while staying compliant with IRS rules.

This is general information only—please consult a tax professional to understand how the rules apply to your specific situation.

We are here to help you. Give us a call.
469 833 5650