Do you know what is tax deductible in relation to meals and entertainment expenses?
Meals & Entertainment Deductions for Transportation Companies
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Industry
Tax Return Identity Theft
The month of January is often the most corrupt period of the year when it comes to identity theft, as countless fraudulent tax returns are filed on unsuspecting taxpayers.
Sale of Real Estate Reporting: How to Avoid IRS Penalties
In this video, Kim Mahanna, discusses the Top 3 1099 S Reporting Issues.
New Options for Health Reimbursement Arrangements
Most small employers with less than 50 full time employees wanted to offer limited health benefits to their employees, but were restricted by the Affordable Care Act (ACA) to offer certain health reimbursement arrangements (HRAs) not integrated with other employer group coverage. Employers faced significant IRS penalties of $100 per “affected individual,” per day for offering HRAs to cover health insurance costs for the purchase of plans on the individual market.
Cost Segregation Study Benefits
Cost segregation studies identify costs related to real property that can be reallocated to a short-life deprecation schedule. These studies are one of the most valuable tax saving strategies available for commercial real estate owners, leaseholders and others. For...
Handling Law Firm Start-Up Expenses For Tax Purposes
If you are starting a new law firm, you may incur several different types of “pre-opening expenses.”