There are several specific rules

There are several specific rules to determine if a meal is a legitimate business expense. These specific rules include meeting the business purpose requirement and the ordinary and necessary requirement. In this article, it's assumed that the meal has met these requirements and is indeed a business expense. *General Rule Meals are generally 50% deductible. This means when a business pays for a meal, only 50% of MBT Changa Cork, that amount is deducted on the tax return. It's extremely important to know the exceptions to this rule because some meals are 100% deductible! Meals that are 50% deductible include: -

Meals with clients, customers and vendors. - Meals with employees - Meals with partners, shareholders and directors - Meals during business travel - Meals while attending a business seminar or convention **Exception to the Rule (This is a great exception!) Some meals are 100% deductible! These meals include: - Meals for the business holiday party or other social event (like the company picnic). Office snacks provided to employees at the office. This may include coffee, soda, water, candy, donuts, and similar snacks. Meals provided on the employer's premises to more than half of the employees for the convenience of the MBT Chapa,. An example of this is when a business provides meals to employees in order to keep them working weekends or working later than usual. This is for the employer's convenience to keep the employees at the office.