Membership fees for any club organized for business, pleasure, recreation or social purposesĮntertainment deductions that are still allowed to business owners are severely limited and include:.Tickets for theater, movies, concerts or amusement parks.Taking a client or a prospect to a sporting event. ![]() Since the TCJA eliminated the deduction for entertainment expenses and any meals purchased during entertainment activities, many previously common expenses can no longer be taken such as: This article takes a general look at the changes for each category and the necessary record-keeping that must change as a result of the new laws. After Decemthe TCJA eliminated the deduction for business-related entertainment expenses and greatly limited the deduction available for meals. ![]() ![]() The Tax Cuts and Jobs Act (TCJA) has enacted sweeping change for business owners, not the least of which is the deductibility of meals and entertainment expenses.
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