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Now. >> what is vegas going to do? this is a big deal. so entertainment expense is gone. so businesses need to anticipate this. think about the year, what is my budget going to be for this type of stuff? do i need to rein in the spending accounts for this. >> and this includes everything, so yes, the sporting events, re >> the sporting events, shows, dinner? >> now that brings in meals. technically meals were part of this entertainment expense. all the accounts across the country are looking for loopholes, seeing how it plays out. isn't dining really a marketing expense? we'll see. dining, tak...

Okay, then let's talk about the thing that is have disappeared. so entertainment expenses, tell me where they were and now where they are. >> i feel like debbie downer today because it is so frustrating. this entertainment experps tain taking people out. talk business over golf, a spa, a theater, a show, something like that, baseball game. no longer a writeoff at all. entertainment expense is gone. and some of it will have an effect on the entertainment business itself. but the cost of business went up. i need to schmooze my clients and now i don't get to write off any of that. >> a lot of peo...

Some rappers are writing off the practice of throwing wads of cash around like confetti. and h&r block wouldn't balk. busy bone -- that was my original name and then i changed it. i am giving charities to females who need their light bills paid. of course that is a write off. you write off your kids, don't you? sadly i wrote off greg junior a longtime ago. and lil flip says he has done it before, deducted make it rain expenses from his taxes. tmz explains that strip club tips could be a legit deduction as an entertainment expense. or if they are directly related to the rapper's business. some ...

Going to do that for me now. >> what is vegas going to do? this is a big deal. so entertainment expense is gone. so business owners need to anticipate this. think about the year, what is my budget going to be for this type of stuff? do i need to rein in the corporate spending accounts for certain stuff. >> and this includes everything, so yes, the sporting events, whatever the shows, but also i'm taking you for dinner? >> yes, now that brings in meals. because technically, meals were part of this entertainment expense. now, all the accounts across the country are looking for loopholes and we'l...

>> at a certain point. okay, then let's talk about the things that have disappeared. so entertainment expenses. tell me where they were and now where they are. >> i feel like debbie downer today because it is so frustrating. this entertainment expense is taking people out. that's an important part of business. you know, talk business over some golf, a spa, a theater, a show, something like that. baseball game. no longer a write-off. at all. entertainment expense is gone. some argue it's going to have an effect on the entertainment industry itself. but the cost of business just went up. i'm goi...