Maximizing Business Deductions: Travel & Entertainment Expenses in 2025

CPE Credit: 2 hours

This course is intended to review the Federal Tax Code (IRS) rules for deducting travel and entertainment expenses related to businesses, with a focus on new and changed requirements and limitations. The basic fundamentals are covered along with recommendations for complying with internal revenue service requirements. Creative strategies and traditional processes are compared and contrasted to maximize the use of travel and entertainment deductions. Possible changes with the sunset of the Tax Cuts and Jobs Act will be discussed to allow for future planning. 

Topics Covered:
• Travel Expenses
• Entertainment Expenses
• Tax Cuts & Jobs Act
• Auto expenses
• Apportionment of business versus personal use of vehicles
• Missed expense opportunities
• Audit tips

Learning Objectives:
• Identify costs that are deductible but often missed
• Define transportation, business travel, and commuting and highlight differences