Source: https://www.irs.gov/pub/irs-drop/n-15-82.pdf Increase in De Minimis Safe Harbor Limit for Taxpayers Without an Applicable FinancialStatementNotice 2015-82PURPOSEThis notice provides an increase in the de minimis safe
Source: https://proconnect.intuit.com/taxprocenter/tax-law-and-news/business-meals-that-are-fully-deductible-yes-they-do-exist/#:~:text=Meal%20expenses%20by%20an%20employee,always%20only%2050%20percent%20deductible. Credit: Jackie Meyer, CPA, CTC Dining out on business is nothing new, but accounting for it properly on your taxes can be a
The Coronavirus, Aid, Relief and Economic Security Act (CARES Act) allows employers to defer the deposit and payment of the employer’s share of Social Security
“Four score and 7 modifications to the PPP rules ago…” Today, U.S. Treasury Secretary Steven Mnuchin and Small Business Administration (SBA) Administrator Jovita Carranza released
Source: https://www.martindale.com/investments-law/article_Boylan-Code-LLP_2231906.htm Many small businesses, organized as S corporations, encounter the problem of cash shortfalls at some point in their existence. As a result, S
Every once in a while, legendary businessman Warren Buffett dishes out a few morsels of advice to illustrate the core investment — and life — principles that helped him achieve success. In
In the 1990’s, a key retirement planning study was published by three Professors from Trinity University, often referred to as The Trinity Study. The Trinity Trio
Rev. Proc. 2020-32 provides the 2021 inflation adjusted amounts for Health Savings Accounts (HSAs) as determined under § 223 of the Internal Revenue Code. For
The IRS will add 3,500 telephone representatives to answer some of the most common questions about Economic Impact Payments. IRS telephone assistance and other services will remain
The Office of Chief Counsel of the Internal Revenue Service issued Memorandum 201912001 on 03/22/2019 addressing whether health insurance costs of employee family members of
The tax law places limits on the dollar amount of contributions to retirement plans and IRAs and the amount of benefits under a pension plan.
A SEP plan’s definition of employee compensation must satisfy rules for determining the amount of contributions. The amount of compensation taken into account under the plan is