Remove business tax Remove Entertainment Remove tax preparation Remove tax services
article thumbnail

Tax Problem Resolution in the Inland Empire, CA

MyIRSRelief

Why Focus on Tax Services in the Inland Empire, California? The Inland Empire, including Corona, CA, has a diverse economic landscape with numerous small to medium-sized businesses. Tailored tax services in this region help businesses and individuals navigate complex tax landscapes effectively.

Tax 130
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
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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
article thumbnail

NEW Tax Deduction: Business Meals are 100% Deductible in 2021!

LyfeAccounting

According to a recent KPMG report , you can take a full deduction for business meals provided by a restaurant. So for those of you filing your business taxes for 2020 , you will not be able to take a full deduction on your tax return. Does this apply to entertainment expenses? So, there you go!

Tax 52
article thumbnail

Tax Deductions Guide 2021

inDinero Tax Tips

After subtracting deductions, you’ll only need to pay taxes for your net revenue. The current business tax rate is 21% at the federal level, plus state corporate taxes that range anywhere from 0-11.5%. Each state has different tax laws , and it’s a good idea for businesses to get advice for tax preparation.

Tax 52