Another Mid-Year Tax Tip...

Shoot for tax breaks on the links. If you entertain clients at your country club before or after holding a “substantial business meeting” with them, you can deduct 50% of expenses such as greens fees, cart rentals, club rentals, and 50% of your meals and drinks. (But no deduction is allowed for country club dues even if you use the club often for business entertaining.) Tip: If the client is from out-of-town, the business discussion can take place the day beforeor after the entertainment.