The Consolidated Appropriations Act that was signed into law December 27, 2020 includes a temporary provision allowing a 100 percent write-off for business meals from January 1, 2021 through December 31, 2022.

Working from home has its benefits. Yet, if you are someone who enjoys going to the office every day, chatting with co-workers in person, attending meetings that are not all virtual, and having a little spontaneity each week, then we are here to help.

When taking money out of a business, transactions must be carefully structured to avoid unwanted tax consequences or damage to the business entity.

There are many things to be grateful for, both in our business and personal lives. This is a great time of year to stop and practice gratitude.

Who doesn’t want to pay less taxes, as long as it’s legally permitted? Here are eight tips to consider taking action on before 2020 comes to a close.

With a record number of Americans filing for unemployment benefits due to the Covid-19 pandemic and struggling to make ends meet, it’s important to plan ahead in order to not have a shortfall.

When you first notice the envelope a twinge of fear skitters across the brain. You search your memories trying to see if there is something you forgot to report on your last tax return. After drawing a blank on your memory search, you open the envelope with trepidation and read through the jumbled jargon of IRS speak.

Employee theft feels horrible to a business owner. You’ve invested in training, mentoring, growing an individual within your small business and you feel betrayed.

The passing of the Tax Cuts and Jobs Act (TCJA) in 2017 brought more changes to the tax code than any other event since the Tax Reform Act of 1986. Business meals are still allowable after the passing of the TCJA.

That’s right, almost ½ a Billion, with a very large capital B, was stolen from individuals in 2018 using IRS type scams, according to a report released by The Federal Trade Commission in February 2019.

The business deduction for auto expenses can be a bit confusing for the average owner that doesn’t spend time perusing groups, forums, articles and videos on taxes and accounting.

The IRS has two basic requirements to claim the home office deduction. The area claimed for the home office deduction must be your primary place of business and have regular and exclusive use for your business.