The federal Consolidation Appropriations Act—the so-called “omnibus” spending bill Congress passed in December to keep the government operating—included something restaurants, B&I operators and business people have been requesting for years: The return of 100% deductibility for business entertainment expenses, including restaurant meals. The write-off is temporary. It only applies to 2021 and 2022 so far….
Federal Legislation Revives 100% Deductibility For Business Restaurant Meals
