The Tax Cuts and Jobs Act made two changes to business meals and entertainment expenses, effective for amounts incurred or paid after Dec. 31, 2017. The first change disallows deductions for business-related entertainment expenses. (Under prior law, a taxpayer could deduct 50% of such expenses.) In addition, the 50% limit on the deductibility of business meals is expanded to meals provided through an in-house cafeteria or on the employer’s premises (previously, they were 100% deductible). Contact us if you have questions about your business.