Summer is around the corner and you may be planning a picnic or other outing for your employees. When doing so, keep tax deductions in mind. Most entertainment expenses currently aren’t deductible, but you can generally deduct 50% of the cost of business meals. Plus, under certain conditions, you can deduct 100% of some party costs. The event must be for your entire staff and not be “lavish or extravagant.” Deductible costs include food, beverages, live music and venue rentals. Detailed invoicing and recordkeeping are a must. Before sending out invitations, contact the Cg Team about maximizing your tax deduction. © 2025