Entertainment, Meals & Travel Expenses: Review and Update

Wednesday, February 05, 2025
Webcast or Webinar, Online
2:30 PM - 4:30 PM (opens at 2:00 PM) EST
2Credits
Technical Business

Registration is Open

Members
$89.00 Regular Price
Non-Members
$119.00 Regular Price

CPE PowerPass Users

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$40.00 Members / $56.00 Non-Members
Course Type: Webcast
Course Code: 24/CX46177
Level: Intermediate
Vendor: CPA Crossings, LLC
Field of Study: Taxes

Overview:

This program reviews the statutory and regulatory guidance as they relate to fringe benefits. There will be an emphasis on entertainment, meals and business transportation expenses, including qualified employer-provided parking, with a focus on planning opportunities. Recent federal tax legislation, cases and rulings will also be addressed. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Objectives:

After attending this presentation you will be able to...

  • Apply guidance of the "big picture" of qualified deductible expenses and strategies and guidance on what to do and when to do it

Major Topics:

The major topics that will be covered in this class include:

  • Definition of what qualifies as an entertainment expense
  • Strategies to deduct business entertainment expenses
  • Deductibility of meals
  • Situations not subject to the 50% meals and entertainment reduction
  • How to handle automobile issues related to employer-provided parking
  • Proper accounting for deductible vs. non-deductible expenditures
  • The four steps to analyze business expenses
  • The latest federal legislation, cases and rulings

Major Topics:

The major topics that will be covered in this class include:

  • Definition of what qualifies as an entertainment expense
  • Strategies to deduct business entertainment expenses
  • Deductibility of meals
  • Situations not subject to the 50% meals and entertainment reduction
  • How to handle automobile issues related to employer-provided parking
  • Proper accounting for deductible vs. non-deductible expenditures
  • The four steps to analyze business expenses
  • The latest federal legislation, cases and rulings

Designed For:

CPAs in public practice and industry seeking the latest developments on reporting entertainment and business transportation expenses.

Prerequisites:

Basic working knowledge of fringe benefit expense reporting.