Here are some highlights of the Consolidated Appropriations Act of 2021 (CAA), including business meal deduction and PPP loan forgiveness changes.
New Law Makes Favorable PPP Loan Changes and Increases Business Meal Deductions
Tag: business meal deductions
Tax Breaks Proposed for Business Meal and Entertainment Deductions
One of the tax breaks that President Trump has proposed to help restaurants is an increase in the amount allowed for business meal and entertainment deductions.