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Can a Self-Employed Taxpayer Mix Business and Pleasure During Foreign Travel and Still Get a Tax Deduction?

Note: the business expenses discussed in this article – both foreign and domestic – are not...

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Writing Off Your Business Start-Up Expenses

Unfortunately, as a result of the COVID pandemic many small firms have gone out of business. However,...

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S Corporations Reasonable Compensation Requirement

Unlike a C corporation, which itself pays the tax on its taxable income, an S corporation does not directly...

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Recordkeeping Tips to Keep the IRS Away

With the ever-increasing complexity of our tax system, it is commonplace for many small businesses to...

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Video: Quick Tips for Effective Tax Record-Keeping

Watch this video for tricks on how to keep good records of your business transactions and avoid running...

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Video tip: 100% Business Meal Deductions

Congress is giving a 100% business meal tax deduction for 2021 and 2022 to support the Restaurant Industry....

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Tax-Free Grants for Restaurants

The American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) to provide funding...

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You Can Expense Business IT Purchases

Thanks to some very liberal tax laws written to encourage investment in personal tangible equipment,...

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Video: Standard Mileage for 2021 Announced

Watch the video to see the 2021 optional standard cents-per-mile rates for business, medical and moving...

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Congress Has Authorized a Second Round of PPP Loans

Congress passed, and President Trump signed, the Consolidated Appropriations Act, 2021. Included in its...

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Increased Business Meal Deductions for 2021 and 2022

If you recall, the Tax Cuts and Jobs Act (TCJA), effective beginning in 2018, eliminated the business-related...

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Filing a 1099-MISC May Now Apply to Landlords. Are You Collecting the Needed W-9s?

If you use independent contractors to perform services for your business or your rental that is a trade...

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