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Meals Continue to be Deductible Under New IRS Guidance (JofA) - The IRS on Wednesday issued guidance clarifying that taxpayers may generally continue to deduct 50% of the food and beverage expenses associated with operating their trade or business, despite changes to the meal and entertainment expense deduction. ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES Should Laptops and Phones be Banned from Meetings? (CNN Business) - Imagine if you weren't allowed to bring your phone or laptop to your next meeting. How are you going to get all your work done? Voices Cloud for the Tax Function: Governance, Security and Integration (Accounting Today) - Tax departments are now ideally positioned to consider and apply several hard-earned cloud-adoption lessons. Moving Forward: How to Plan Right for Succession (CPA Practice Advisor) - But even if retirement isnât on the near horizon for you, having a succession plan in place is a smart idea. Whatâs Going On in Business Schools? (CPA Journal) - In this authorâs opinion, it is again time to ask: Whatâs going on at business schools? Several factors have brought matters to this point, including university management practices, the role of research in universities and its relationship to accounting practice... Accounting/Audit |  TOP 5 MOST READ TOOLS OF THE TRADE e-BREAKS  Top 10 Reasons Accountants Are Cooler than you Think   |