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Beall Barclay and Company, PLC • Beall Barclay Wealth Management, LLC
Securities offered by 1st Global Capital Corp. Member FINRA & SIPC.
Investment Advisory services offered through 1st Global Advisors, Inc.
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Tax Cuts and Jobs Act Significantly Changes Business Expense Deductions

Feb 7, 2018


Under the new 2018 Tax Cuts and Jobs Act, the deductibility of bona fide business meals and entertainment expenses have significantly changed. 


As of January 1, 2018, entertainment expenses are nondeductible unless they fall under the specific exceptions in Code Section 274(e), for example: “expenses for recreation, social or similar activities primarily for the benefit of the taxpayer’s employees, other than highly compensated employees” (i.e. office holiday parties are still deductible).


Meals provided to employees for the convenience of the employer are now only 50% deductible compared to 100% deductibility prior to the 2018 Tax Cuts and Jobs Act. Click here for some major modifications related to meals and entertainment.





Beall Barclay & Company, PLC is pleased to announce the promotion of three staff members.


Under the new 2018 Tax Cuts and Jobs Act, the deductibility of bona fide business meals and entertainment expenses have significantly changed. 


Beall Barclay Recieves the Arkansas Society of CPAs 2017 Public Service Award for Firms


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Beall Barclay is excited to bring you the winter edition of Dimensions, a newsletter geared towards the construction industry.


Beall Barclay is excited to bring you the latest edition of Nonprofit Insights, a newsletter geared towards nonprofit organizations.


Beall Barclay is excited to bring you the winter edition of Business Owner's Perspectives, a newsletter geared towards business owners.


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2017 Tax Planning Guide