Remove business accounting Remove Entertainment Remove tax preparation Remove tax services
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NEW Tax Deduction: Business Meals are 100% Deductible in 2021!

LyfeAccounting

And of course, an employee of your company should be present for these meals to prove that these are in fact, business meals. Does this apply to entertainment expenses? This full tax deduction does not appear to apply to entertainment expenses. The post NEW Tax Deduction: Business Meals are 100% Deductible in 2021!

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How far back can the IRS audit?

xendoo

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.

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article thumbnail

How far back can the IRS audit?

xendoo

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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7 ways to attract and win new tax clients

ThomsonReuters

Adding services in the areas beyond filing tax returns, such as accounting, payroll, bookkeeping, business planning, payroll and audit solutions, will always be services clients need. Respondents also indicated interest in receiving other services from their accounting firms.

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