Im a caterer and feed staff at every event. Can I assign a value to those meals and write off the expense? If so would it be meals, misc, or supplies for the food costs?

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1 Best answer

Level 3

Jun 5, 2019 11:09:11 PM

Yes, you can deduct the meals provided to your staff but they are now subject to the 50% meal limitation under the new tax laws.

You can use the meal cost (cost you would charge a customer) for the cost of the food.

Level 3

Jun 5, 2019 11:09:11 PM

Yes, you can deduct the meals provided to your staff but they are now subject to the 50% meal limitation under the new tax laws.

You can use the meal cost (cost you would charge a customer) for the cost of the food.