The Internal Revenue Service (IRS) recently released new regulations governing the applicability of certain provisions contained in the Tax Cuts and Jobs Act (TCJA) signed into law last year. First, for tax years 2018 and 2019, employers may be eligible for a tax credit when they give eligible employees paid family and medical leave. Notice 2018-71 provides calculating the credit and answers other questions in a user-friendly question and answer format. The credit does not apply where paid leave is mandated by state or local law. In another release, the IRS addressed business expense deductibility explaining that taxpayers can continue to deduct 50 percent of the cost of business meals if taxpayer is present and the meal is not lavish or extravagant. Until further clarifications are available, the IRS advises that taxpayers can rely on Notice 2018 – 76. The IRS continues to release regulations and rules governing tax provisions that will impact small businesses, small business owners and self-employed taxpayers.