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My family's has a S-Corp. We held our first corporate

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My family's has a S-Corp...
My family's has a S-Corp for investing. We held our first corporate retreat last year. Organization has been in business for over 15 years. What part of the retreat is tax deductible (travel, meals, lodging, rental for meeting space)? We want to make sure we a treating expenses appropriately. Thanks.
Submitted: 2 years ago.Category: Tax
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Answered in 7 minutes by:
3/1/2016
Tax Professional: Megan C, Certified Public Accountant (CPA) replied 2 years ago
Megan C
Megan C, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 16,606
Experience: Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level
Verified

Thank you for your question. If this is a business purpose (Corporate retreat qualifies) then everything is deductible except the meals. Meals are 1/2 deductible.

Please let me know if you need anything additional. If not, please rate positive.

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Megan C
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