TOTTENHAM struggled big time during their 1-0 home defeat to Newcastle as Steve Bruce’s men picked up their first points of the season.The atmosphere inside the ground was flat after Joelinton’s 27th minute goal and few Spurs players did anything to give their fans much to shout about.5 Harry Kane had a rare off day but let his team down during flat performance vs NewcastleCredit: Getty – ContributorChristian Eriksen was left out because he was not in the right frame of mind with a potential move away looming.And Tottenham missed him.The Dane did come on towards the end but it was too little too late.Here’s what Paul Jiggins thought of the defeated Tottenham team today.ACCA WITH LADBROKES Pick up a whole load of acca features to help you land the big oneHUGO LLORIS 7THE skipper pulled off a stunning save to deny Sean Longstaff before he was let down by those in front of him for the Newcastle’s goal. Still waiting for his first clean sheet of campaign.5 Hugo lloris was the only shining light in an otherwise disappointing teamCredit: ReutersKYLE WALKER-PETERS 6THE academy product is looking more assured with each appearance as he bids to make first-team slot his own. Will be hoping injury is not too serious after limping off in second half.TOBY ALDERWEIRELD 5FOR how good a central defender the Belgian is, he never looks as commanding without Jan Vertonghen alongside him.Time to get the pair back together, Poch.DAVINSON SANCHEZ 4THE Colombian was given a tough time by Joelinton and caught woefully on his heels for the Toon striker’s opener.DANNY ROSE 5THE left-back did not do much wrong in defence but was hardly his usual effective self going forward either.When he did get into promising positions he was let down by either his cross or his team-mates’ lack of movement in box.MOUSSA SISSOKO 6CONSTANTLY jeered by the travelling fans, the former Newcastle man was again one of Tottenham’s better performers – although he too could not penetrate a resolute Toon defence.HARRY WINKS 5WAS forced to walk a disciplinary tightrope after his foolish 10th minute yellow card for hauling back Isaac Hayden.Winks also needs to add a bit more guile to his passing game.LUCAS MOURA 4THE Brazilian looked a shadow of the player who scored that historic hat-trick in the Champions League semi-final second leg at Ajax as he capped a poor display by missing a late sitter.5 Lucas Moura missed a late sitter on an afternoon to forget for the BrazilianCredit: Getty – ContributorERIK LAMELA 4WE keep waiting for the Argentinian to fulfil his potential and show he was worth £30million. But he is 27 now and time is running out.SON HEUNG-MIN 4A DISAPPOINTING return to action from the South Korean in his first appearance of the season after completing a three-match ban.HARRY KANE 4THE Toon Army taunted the England captain with chants of “You’re just a s**t Alan Shearer.”But to be honest Kane was not even that good as he endured a rare off-day.5 Harry Kane felt he should have had a penalty but VAR denied him on what was a disappointing afternoon for the strikerCredit: AFP or licensorsSubsCHRISTIAN ERIKSEN 5THE Dane could not pull a rabbit out of the hat this time. Spurs missed his creativity.GIOVANI LO CELSO 5HIS 62nd minute introduction alongside Eriksen was too little too late.BEN DAVIES 5HIS late cameo almost led to a goal but his return after injury was one of few positives for Poch.5 Christian Eriksen was left out the team because he was not in the right frame of mindCredit: Getty Images – GettyWesley Sneijder has piled on the pounds since retiring just two weeks ago as Dutch legend is spotted by TV cameras at Utrecht vs VVV-Venlo game
The bottom lineIf your freelance business provides on-premise meals or snacks as an employee perk (and an employer convenience), you will be, pardon the pun, eating these costs starting in the 2025 tax year as you will no longer be able to write the expenses off on your business tax return. Despite this, employees are still shielded from having to claim these benefits as part of their compensation under the new tax laws.At first glance, these changes to client entertainment and de minimis meal expenses may seem like minor ones, but these types of deductions do add up over the course of a year. Depending on how often you take clients out to events and how often you bring doughnuts to the office or provide refreshments to your staff when they work long hours, you may have to be prepared to swallow a larger tax bill given the new TCJA provisions.UPDATED 1/10/18Jonathan Medows is a New York City based CPA who specializes in taxes and business issues for freelancers and self-employed individuals across the country. He offers a free consultation to members of Freelancer’s Union and a monthly email newsletter covering tax, accounting and business issues to freelancers on his website, www.cpaforfreelancers.com which also features a new blog, how-to articles, and a comprehensive freelance tax guide.Jonathan is happy to provide an initial consultation to freelancers. To qualify for a free consultation you must be a member of the Freelancers Union and mention this article upon contacting him. Please note that this offer is not available Jan. 1 through April 18 and covers a general conversation about tax responsibilities of a freelancer and potential deductions. These meetings do not include review of self-prepared documents, review of self-prepared tax returns, or the review of the work of other preparers. The free meeting does not include the preparation or review of quantitative calculations of any sort. He is happy to provide such services but would need to charge an hourly rate for his time. Starting in the 2018 tax year, the deduction businesses can claim for de minimis meal expenses (e.g., providing coffee and bagels in the break room as an employee “perk”) is reduced from 100% to 50%. In the 2025 tax year, the ability to deduct these costs is completely eliminated. Now that we’ve officially rung in a new tax year, it’s time to address the key provisions of the Tax Cuts and Jobs Act (TCJA) that are likely to impact you as a freelancer on a day-to day basis. (Here is our overview of the TCJA’s overall pros and cons for freelancers).One area that is worthy of immediate consideration: meal expense tax deductions. As an individual freelancer, nothing has changed. Under the new tax laws, you (and any employees you have), can still claim 50% of the cost of meals that you purchase when you are away from home for work purposes. What has changed is how the IRS looks at meal (and other) expenses for entertaining clients. Starting in 2018, the deductions you may have claimed for client entertainment expenses such as tickets to a play or sporting event are eliminated. However, you can still claim 50% of the cost for treating your client to a meal, as long as it is accompanied by a substantive business discussion.As a business owner, there are also significant changes that affect the amount you can deduct for de minimis meal costs which we outline here:How the IRS views de minimis meal expense deductions for your businessExpenses for meals provided on-premise by companies to their employees are considered a form of de minimis or “fringe” benefits by the IRS. Typically, de minimis benefits are characterized by a) their low value (a good rule of thumb is the expense is less than $100) and b) the relative infrequency with which they are offered.Historically, de minimis benefit expenses have been 100% tax deductible as a general business expense under the Internal Revenue Code and, in association with our topic of meal costs, include items such as occasional snacks and refreshments provided to employees by an employer or the infrequent provision of money for meals by an employer when employees are working overtime. A key caution with these types of benefits has always been that they cannot be used as a form of covert employee compensation.New tax rules downgrade the de minimis meal expense deductions your business can claimThe TCJA represents a major departure in how the IRS views de minimis meal and on-premise meal expenses for businesses. The government is taking a step-wise approach to these changes as follows: In the 2018 tax year, the current 50% limit on the deductibility of business meals by individual taxpayers expands to include businesses. This means that any meals provided by businesses on their own premises, such as at a company cafeteria, holiday party or employee picnic—as well as any related operating costs—are no longer 100% deductible. Therefore, this year only 50% of these costs may be deducted by businesses and in 2025 no deduction for these expenses can be taken.