BGMF CPAs

Join me in wishing Troy Lowe a very happy birthday.

Troy Lowe has been at BGMF since 2014. Prior to joining BGMF, he spent 14 years with a large regional accounting firm. He works with a variety of clients including individuals, small and medium sized businesses, and non-profits. He specializes in accounting, general business consulting, and tax for individuals, businesses and farmers. Troy graduated from Wright State University in 1995 and has been a Certified Public Accountant licensed in Ohio since 1997. Troy enjoys working with business owners to find tax saving solutions and researching the details and nuances of tax law.

Troy retired from the Army reserves after serving for 24 years. He is a veteran of both the First Gulf War and the Iraq War.

Troy is a member of the AICPA and Ohio Society of CPAs.

TAX TIP TUESDAY

Just a reminder…
Dog food is STILL not tax deductible. But aren't Joe's little pups adorable?
(Yes, people ask. 😂)

BUT there are new changes under the OBBB rules for meals & entertainment starting in 2026:

Business meals with clients?
Still generally 50% deductible if there’s a legit business purpose.

Entertainment expenses?
Still mostly NOT deductible. (Sorry, golf outings and concert tickets.)

Office snacks, coffee, breakroom goodies & employer-provided meals?
Many of these are becoming 0% deductible under the new rules.

Employee parties & company events?
Still generally 100% deductible.

And remember — documentation is EVERYTHING.
Keep the receipt and make notes of:
✔️ Who attended
✔️ What was discussed
✔️ How it related to your business

Because “talked about work” written on a crumpled receipt probably won’t impress the IRS.

Moral of the story:
Take your clients to lunch ✔️
Throw your staff a holiday party ✔️
Try to deduct your Labradoodle’s kibble ❌