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Public companies focus on new tax reform and end-of-year tax provision reporting requirements for entertainment deductions.

Business Tax Quarterly Executive Summary - Winter 2018

The last quarter of the year brings heightened focus on two fronts. For public companies, the need to double-down on end-of-year tax provision reporting requirements is now at a fever pitch. Meanwhile, businesses of all sizes have lingering questions about the new rules for meal and entertainment deductions, as holiday parties and company socials ramp up.

In both cases, there could be significant impact for companies in light of tax reform changes. With end-of-year reporting, public companies must account for new tax provisions—such as the global intangible low-taxed income inclusion and foreign-derived intangible income deduction, as well as new business interest limitations. Separately, companies of all sizes risk losing a valuable tax deduction if they mistakenly lump company social events in with other entertainment costs, now deemed non-deductible.

Learn how to stay ahead of end-of-year tax provision reporting—and the new meals and entertainment deduction rules—in this roundup of key takeaways from the new tax law.


Business Tax Quarterly - Winter 2018

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