New Laws for Transportation Benefits
The recent tax reform destroyed what was a win-win tax benefit for both the employer and the employee. Transportation fringe [...]
Increase Your Online Security
Now most of us know not to access suspicious links embedded in emails from known and unknown sources, and we’re [...]
New Rules for Luxury Cars
Good news, taxpayers! Lawmakers finally increased the luxury auto depreciation limits on business cars. The old luxury limits were unrealistic, [...]
Employment Taxes
If you’re a business owner and have employees, you are aware that there is a mandatory requirement to timely pay [...]
Sales Tax Nexus: Does it Exist For Your Business?
You’ve likely heard the term nexus mentioned, but do you know what it really means? While the term nexus relates [...]
What You Need to Know About Meals & Entertainment Expenses Under the New Tax Law
Under the new tax law, additional restrictions are being implemented for meals and entertainment deductions. Code Section 274(e) states that [...]
Changes in Deducting Employee Meals
Tax reform (Public Law 115-97) includes winners and losers. Employers who for their convenience provided business meals for their employees [...]
Importance of Tax Planning When Having an S Corporation
Here’s a story about Ronnie Craft, who lost his court case but whose story brings up an interesting point when [...]
Renting Your Home
We had a great conversation with one of my fellow tax professionals about the rental of a personal home for [...]
C or S Corporation
When you first see that 21 percent tax rate for the C corporation, you have to think that this could [...]