Picnicking for the Fourth of July?

If you plan on throwing a company picnic this summer, you may end up enjoying a tax break along the way.

While entertainment expenses have been repealed beginning in 2018, the recent tax law changes don't affect a special tax law provision for company picnics that says you can deduct 100 percent of the cost. Keep in mind that to qualify for this deduction, you must invite the entire staff to the picnic. 

For more information, contact your Beene Garter Professional.