xendoo

JULY 6, 2023

Businesses can take steps to avoid triggering an audit. For example, online bookkeeping and business tax services can file accurate returns, on-time for you so you avoid common audit triggers. Meal, travel, and entertainment expenses The IRS pays close attention to claims for large meal and entertainment deductions.

audit 52

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xendoo

JULY 6, 2023

Businesses can take steps to avoid triggering an audit. For example, online bookkeeping and business tax services can file accurate returns, on-time for you so you avoid common audit triggers. Meal, travel, and entertainment expenses The IRS pays close attention to claims for large meal and entertainment deductions.

audit 52

audit tax return Entertainment income tax 52

xendoo

MAY 16, 2023

It’s a common question and concern for many business owners. The best way to avoid headaches during an IRS audit is to keep accurate business records and bookkeeping year-round , and that includes tracking receipts. Receipts are a paper trail for your business transactions and taxes.

audit 52

audit bookkeeping tax return cpas 52

xendoo

MAY 16, 2023

It’s a common question and concern for many business owners. The best way to avoid headaches during an IRS audit is to keep accurate business records and bookkeeping year-round , and that includes tracking receipts. Receipts are a paper trail for your business transactions and taxes.

audit 52

audit bookkeeping tax return cpas 52

inDinero Tax Tips

AUGUST 29, 2023

Don’t Even Try Deducting These 13 Non-Deductible Business Expenses Frequently Asked Tax Deduction Questions Conclusion What Are the IRS Rules for Non deductible Business Expenses? There are many ways businesses can lower their tax liability. Unfortunately, these are nondeductible entertainment expenses.

Tax 95

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inDinero Tax Tips

JUNE 12, 2023

Claiming Tax Deductions is Harder When running a business, saving the maximum amount of money with tax deductions is vital to maintaining financial health. However, you can’t deduct what you don’t document and shouldn’t deduct what you can’t prove was a business expense. What are you allowed to deduct?

payroll tax 97

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Going Concern

JANUARY 19, 2024

Hollywood Oh boy, it turns out that there's a shortage of production accountants in the entertainment industry, which means that there's a great opportunity for people who love crunching numbers and are willing to sell their souls to Hollywood for a paycheck.

Arizona 80

Arizona accounting and finance audit auditor 80

xendoo

SEPTEMBER 19, 2022

The past several years have seen changes in the deduction for entertainment expenses and meals eaten in restaurants. . 50% of business meals are tax-deductible, but in 2022, the IRS temporarily increased the deduction to 100% for meals eaten in a restaurant. Entertainment. When Your Trip Doesn’t Quite Qualify as Business.

Entertainment 105

Entertainment Transportation Tax tax return 105

Snyder

DECEMBER 28, 2022

Mixing personal and business deductions. The IRS is on the lookout for taxpayers who try to make deductions for travel, entertainment, or other costs that are personal and not business-related. Don’t try to use hobby expenses to claim a business loss if you don’t want to trigger an IRS tax audit.

audit 98

audit Tax tax return auditor 98