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When Can You Deduct Business Meals and Entertainment?

RogerRossmeisl

Current law The Tax Cuts and Jobs Act eliminated deductions for most business-related entertainment expenses. That means, for example, that you cant deduct any part of the cost of taking clients out for a round of golf or to a football game.

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Small Business Tax Deductions 101: What You Can (and Can’t) Write Off

inDinero Accounting

As we delve into the specifics, remember that tax laws are as dynamic as the business world itself. So, buckle up as we embark on this journey through the labyrinth of small business tax deductions, uncovering often-overlooked opportunities and strategies to maximize your tax savings.

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In the blogs: Making choices

Accounting Today

Why lawmakers ought to adopt a simple reform that would raise revenue and make the Districts business tax system fairer. Tax Talk: ( [link] ): OBBBA wont be so beautiful for foreign persons if IRC Section 899 becomes reality. Trovato wonders how difficult the Tax Court exam for non-attorneys should be. Virginia – U.S.

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Your small business tax time questions answered

Xero

Beyond tax time, what value can an advisor add to my business? . Beyond tax planning and closing out the current financial year, an advisor can add massive value to your business by helping you create and implement a game plan for the next 12 months and beyond, from forecasting to setting financial goals (and everything in between). .

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Steve Padgett’s Latest Updates on Small Business Tax Deductions

SkagitCountyTaxServices

One thing you can expect from me come rain or shine is to keep you in the loop on changes to all things tax-related. There are some important changes to small business tax deductions rolling out, and not all deductions apply to all Skagit County businesses. This week is no exception. ” – John W. Well, no more.

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Year-End Business Tax Strategy for Skagit County SMB Owners

SkagitCountyTaxServices

But the calendar waits for no business, and time is getting short to plan your moves. If you want to talk all of this through and get ahead of the game while you can, we’re right here: 360-424-1040. Get your tax documents together to back the tax moves we talk about here and any others you might take.

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IRS Business Accounts & Your Skagit County Business

SkagitCountyTaxServices

It’s the same way you know when tax filing season is happening. It’s being talked about everywhere you turn (even Turbo Tax is airing commercials during football games to remind you). One big benefit for businesses is the ability to view business tax transcripts directly within the account.