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Many companies incur significant meals and entertainment expenses as part of a reimbursement plan offered to employees.

Taxpayers generally deduct 50 percent of the expenditures incurred for meals and entertainment; however, many taxpayers do not identify meals and entertainment costs that are exempt from the 50 percent limitation on deductibility. The result is a failure to maximize the potential deductions associated with meals and entertainment expenses.

Crowe Horwath LLP has a proven methodology for assisting companies in the analysis of meals and entertainment expenses, resulting in permanent tax savings.

What We Do
Crowe offers a complete range of federal tax planning, compliance, and consulting services.

Crowe’s federal tax consulting group delivers special consulting services through a diverse team of experts drawn from Big Four and large-industry backgrounds. Our highly skilled team of tax professionals brings a wealth of meals and entertainment and project management experience to serve your particular needs.

Crowe’s meals and entertainment study includes:

    • Analysis of meals and entertainment expenses using IRS-approved statistical sampling techniques;
    • Identification of expenses that are 100 percent deductible;
    • Calculation of adjustments to current meals and entertainment expenses and those of prior years; and
    • Design of policies and procedures to help properly identify deductible items in future years.

In addition, Crowe can provide assistance with IRS exam issues and with the preparation of amended returns during the completion of a look-back study. Crowe’s meals and entertainment services are scalable to your company’s needs. Part of Crowe’s process includes a thorough up-front discussion of your requirements for services and a mutual agreement as to what services will be provided and the related fees.

At the conclusion of Crowe’s meals and entertainment project, a comprehensive report detailing the findings and supporting documentation for the meals and entertainment study is delivered. The report also provides suggestions for process improvements and a road map for handling future meals and entertainment expenses.

How You Benefit
Companies that incur meals and entertainment expenses in some or all of the following situations may benefit from Crowe’s meals and entertainment study:

    • Staff meetings
    • Working lunches
    • Social events
    • Department meetings
    • Sales meetings
    • Conferences/Seminars
    • Training facilities
    • Promotional events
    • Employee relocation

Relevant Industries
Any company in any industry can claim a deduction for meals and entertainment expenses. Crowe has the experience, processes, and insight to assist your company in making the most of any meals and entertainment opportunities.