TCJA’s Impact on Meals & Entertainment – Expense Summary Chart May 11, 2018 The Tax Cuts and Jobs Act made significant changes to the deductibility of meals and entertainment expenses effective 1/1/2018. The most significant change is the fact that entertainment expenses are no longer deductible. As a result, new accounting procedures should be implemented which keep track of the different meal categories as well as entertainment costs. The chart below contains the relevant provisions which companies need to consider when updating their accounting policies. If you would like to discuss how these changes affect your particular situation, and any planning moves you should consider in light of them, please contact your KatzAbosch representative; or contact us by clicking here. About KatzAbosch: Founded in 1969, KatzAbosch is one of the largest CPA and business consulting services in the Mid-Atlantic region. As an accounting firm, our mission is to provide the highest quality accounting, tax, financial and management consulting services to our regional clients. We understand the needs and challenges of our clients and we have made it our obligation to create, grow and protect asset value. KatzAbosch is consistently named a Best Accounting Firm to Work For in Accounting Today and has been named a Top 200 Accounting Firms in the Nation by Inside Public Accounting. Our firm is also ranked among the Top 15 Largest Accounting Firms in the Baltimore Area by the Baltimore Business Journal and a Top Workplace four times by The Baltimore Sun.