May 30, 2023Keep these DOs and DON’Ts in mind when deducting business meal and vehicle expensesIf you’re claiming deductions for business meals or auto expenses, expect the IRS to closely review them. In some cases, taxpayers have incomplete documentation or try […]
June 5, 2023Traveling for business this summer? Here’s what you can deduct.If you and your employees are traveling for business this summer, there are a number of considerations to keep in mind. Under tax law, in order […]
June 12, 2023Reduce the impact of the 3.8% net investment income taxHigh-income taxpayers face a regular income tax rate of 35% or 37%. And they may also have to pay a 3.8% net investment income tax (NIIT) […]
June 19, 2023The Trust Fund Recovery Penalty: Who can it be personally assessed against?If you own or manage a business with employees, there’s a harsh tax penalty that you could be at risk for paying personally. The Trust Fund […]