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.