by Candy | Dec 4, 2018 | Featured, Taxes
Let’s talk about partnerships, and what constitutes as one for tax purposes. According to the IRS, a partnership is when two or more owners “carry on a trade, business, financial operation, or venture and divide the profits therefrom”, while all income and deductions...
by Candy | Nov 30, 2018 | Business, Taxes
Since the new Tax Cuts and Jobs Act (TCJA), there’s been a lot of questions and rumors in the tax community, while the IRS has been hard pressed to clear up some of the confusion. Their latest Notice? Whether or not entertainment and meal tax deductions were cut....
by Candy | Nov 9, 2018 | Featured, Taxes
Yet another provision to the Tax Cuts and Jobs Act (TCJA), employers who traditionally provide paid family leave to their employees, now have a new and improved tax credit available to them. Eligible through the years 2018 and 2019, the IRS affirms that for employers...
by Candy | Oct 26, 2018 | Featured, Taxes
Effective as of October 1st, the IRS has released their annual report of the updated per diem rates taxpayers may use for business and travel expenses. Used in the high-low substantiation method and to give taxpayers an idea of how much they can spend per day to leave...
by Candy | Oct 23, 2018 | Featured, Payroll, Taxes
Most of us when we think of the word “nanny” picture a twenty-something college student, watching the kids during the weekdays for cash before she heads home for the night. Rarely, if ever, do we think “employee, with payroll, a time-card, and W-2”. But did you know...
by Candy | Oct 19, 2018 | Taxes
Are you a business owner that takes customers or potential clients out for dinner or entertainment? Or do you support your nonprofit organizations locally through their fundraising events? If so, please be aware that the write-off laws have changed in 2018. Where as...
