It is the small businesses that get screwed the most. Big companies have guys like me. It is only a problem when the IRS decides to do an audit, and they determine the 50% rule applies on the last 5 years of M&E. It is a non-issue for small businesses right up to the point when it becomes a major issue.
For instance, if you have "Dinner, $300", that can be a problem. If you have "Dinner, $3,000, 10 attendees, incl. Larry Page - CEO Google", the IRS will have no problem, even though it is a $300/pp dinner.
For instance, if you have "Dinner, $300", that can be a problem. If you have "Dinner, $3,000, 10 attendees, incl. Larry Page - CEO Google", the IRS will have no problem, even though it is a $300/pp dinner.