Archives for February 2021

The Consolidated Appropriations Act of 2021 brings a favorite business tax deduction back to life. The so-called “three-martini lunch” is in vogue once again; however, not everyone is happy about it. So, what does this mean for businesses? Read on to learn more about the deduction and the associated pros and cons. What is the Three-Martini Lunch Tax Deduction? There was a time – up until the mid-1980s – that… Read More