Gallina Blog Throw a Company Picnic for Employees this Summer and Enjoy Larger Deductions

Many businesses host a picnic for employees in the summer. It's a fun activity for your staff and you may be able to take a larger deduction for the cost than you would on other meal and entertainment expenses.Deduction limitsGenerally, businesses are limited to deducting 50% of allowable meal and entertainment expenses. But certain expenses are 100% deductible, including expenses:• For recreational or social activities for employees, such as summer picnics and holiday parties,• For food and beverages furnished at the workplace primarily for employees, and• That are excludable from employees' income as de minimis fringe benefits.