Home Business Magazine: “Eating at a restaurant might be a tastier proposition for home-based businesses these days. That’s because small incorporated firms benefit up to seven times more from the meals and entertainment tax deduction than larger firms. According to a study released by the U.S. Small Business Administration’s Office of Advocacy, small firms that take advantage of this deduction reduce their effective tax rate by 0.75 percent on average, while larger firms only reduce their effective tax rate by 0.11 percent.”
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