Meals and Entertainment – IRS Guidance Released

The IRS has released guidance on the meals and entertainment section of the tax reform. In this video, Scotty Sykes, CPA of Sykes & Company, P.A., discusses what is still deductible, under what conditions and what is no longer able to be deducted. He also addresses proper documentation for your pharmacy accounting that will help set the tone in the event of an audit.

Check out the key tax reform issues affecting independent pharmacies.