We recently wrote an article about the dangers of failing to properly document business meal and other entertainment expenses. The piece raised quite a few concerns among business owners.
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Deriving Normalized EBITDA for Your Business
By: Michael Thomas
The question we most often heard usually went something like this, "Wait, I thought personal expenses like meals, travel, and entertainment could be normalized...what gives?" Answers to questions such as these, unfortunately, are never straightforward and true standards for deriving normalized EBITDA calculations don't exist.