Once upon a time, taxpayers could generally deduct 50% of business-related meal and entertainment expenses.
Tax Law Changes Meal and Entertainment Deductions
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Business
Tax Implications when Accessing Retirement Accounts
Whether you recently left a job, are in the middle of a financial crunch, or you are beginning your retirement, you need to be aware of the income tax implications of withdrawing funds from your retirement savings account(s) for personal use.
How Does Self-employment Tax Work
Every day, individuals transition from working for an employer to being self-employed.
2018 Health Savings Account Contribution Limit Change
In October 2017, the Internal Revenue Service (IRS) released the 2018 contribution and benefit limits for retirement and other benefit plans types. The IRS recently announced revisions to the Health Savings Account (HSA) contribution limit for...
Vehicle Expense Deductions – Follow Detailed Recordkeeping Rules
Many business owners fail to follow the strict tax rules for substantiating vehicle expenses.
Businesses Will Celebrate Tax Cuts in the New Tax Year
Most businesses will receive a big tax cut starting with their 2018 tax years, thanks to the new law enacted on December 22, 2017.
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