Can catering stored value invoices be reimbursed

They are for recreational, social, or similar activities primarily for the benefit of non-highly compensated employees (this exception does not apply to club dues). The accounting team hits you with the million-dollar question – "Can we actually reimburse these catering stored value invoices?" Let's slice through the confusion like a hot knife through butter. Stored value cards have become the Swiss Army knives of corporate spending – perfect for employee. For businesses, tax deductions for meals and entertainment expenses are governed by a maze of rules. This document will be submitted to the Office of the Federal Register (OFR) for publication and will be pending placement on public display at the OFR and publication in the Federal Register. TCJA still allowed meal expenses that meet one of the following criteria to be 100% deductible: They are treated as taxable employee compensation.