Tuesday Tax Tip

Remember: as you faithfully label and save every business entertainment receipt: Business Entertainment is reduced or eliminated from current business taxes.  The TCJA allows meal expenses incurred in connection with business entertainment (meals at games) and meal expenses to wine and dine prospects and customers are still 50 percent deductible, but many entertainment expenses acceptable…

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New Business? Remember the Taxes

Starting a business can be incredibly rewarding –  and a little overwhelming.  Even as you make business plans, and marketing strategies; keep in mind, you will need have tax responsibilities and there are steps to take and business tax structure to consider.  What will be your business structure?  The form of your business determines which…

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IRS Using Private Debt Collection for Overdue Taxes

Four collection firms have been contracted by the IRS’ new private collection program of overdue federal tax debts.  The groups are CBE Group of Cedar Falls, IA, Conserve of Fairport, NY, Performant of Livermore CA, and Pioneer of Horseheads, NY.  Each taxpayer or business tax account which owes these certain types of overdue federal tax…

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How Your Accountant’s Conference Can Benefit Your Business

The month of June is not normally regarded as important in terms of accounting deadlines.  But June and July are known in the accounting industry as the Accountant Conference months.   So many industry conferences are held in June and July that there are lists of the top Accounting Conferences so firms can determine which best…

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