Guide to Expensing Meals and Entertainment

One of the biggest questions I get asked on a daily basis is "I can expense that, right?", and 90% of those inquiries are dealing with meals and entertainment.​
 
So you're a business owner, and just like the majority of business owners you see the glorious meals and entertainment deduction line. I know what you're thinking, "I can expense just about any dinner, theatre ticket, or sporting event that involves a client or potential client, right?". 

WRONG. It isn't that straightforward or easy.
 
There are rules, which are essentially saying that if you're enjoying yourself way too much, it's not a deductible expense. Here's 5 rules that you need to remind yourself next time you're considering to expense entertainment expenses.

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