Tax Law Changes Way Businesses Entertain

By Published On: May 1, 2018Categories: Business News, Commercial Real Estate News, Residential Real Estate News, TJ Client NewsComments Off on Tax Law Changes Way Businesses Entertain

Sporting events have long been a popular form of corporate entertainment in real estate and other industries, but there may be fewer companies in the game under the new tax law adopted late last year. When the Chicago Tribune was looking to explore the recent changes to employer tax deductions, including the removal of those relating to entertainment, we connected the reporter with Darryl Jacobs, co-founder of Taylor Johnson client Ginsberg Jacobs LLC. In the resulting feature, Jacobs shared how his firm, like many of its clients, is buying fewer tickets to ballgames, concerts and other events that are no longer deductible and discussed the long-term economic impact reduced spending could have on entertainment venues.

Attorney Darryl Jacobs of Ginsberg Jacobs LLC says his firm is purchasing fewer event tickets this year to entertain clients because of the elimination of a popular deduction in the U.S. tax code.

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