Meals & Entertainment Changes Under Tax Reform

A lot has changed in the deductibility of meals and entertainment expenses.  This chart will help you easily see the changes. Event 2017 Expenses (Old rules) 2018 Expenses (New rules) Office Holiday Party or Picnic 100% deductible 100% deductible Client Business Meals...

Tax Planning is Key This Year

If there ever was a year for tax planning, now is the time!  Some people and businesses will be in for a big surprise this year because of all of the changes in the tax law for the 2018 year.  Many people will be underwithheld on their federal and state taxes, meaning...

Is Your Business an SSTB? (And Why Do You Care?)

QBI, 199A, SSTB—these are just a few of the new acronyms being tossed around as part of the recent business tax reform changes (like we don’t already have enough of them to remember!). Out of all the terminology, “SSTB” (Specified Service Trade or Business) seems to...