According to a recent survey, restaurants were the preferred location for conducting meetings outside of the office. Business meals should be treated in the same way other business expenses, such as advertising, are treated under the tax code. Provisions increasing the business meal deduction to 80 percent have been included in two larger small business tax relief packages introduced by members of the House and Senate Small Business Committees. The National Restaurant Association supports the full restoration of the business meal deduction. To that end, the Association applauds Rep. Foley and the Small Business Committees for acknowledging the impact the reductions have had on small businesses and urges members of Congress to cosponsor H.R. 1555, H.R. 1037 and S. 189.
Restaurants are the preferred locations for conducting meetings outside of the office.
See if your representatives are cosponsoring H.R. 1555.