Good news, taxpayers! Lawmakers finally increased the luxury auto depreciation limits on business cars. The old luxury limits were unrealistic, [...]

If you’re a business owner and have employees, you are aware that there is a mandatory requirement to timely pay [...]

You’ve likely heard the term nexus mentioned, but do you know what it really means? While the term nexus relates [...]

Under the new tax law, additional restrictions are being implemented for meals and entertainment deductions. Code Section 274(e) states that [...]

Tax reform (Public Law 115-97) includes winners and losers. Employers who for their convenience provided business meals for their employees [...]

Here’s a story about Ronnie Craft, who lost his court case but whose story brings up an interesting point when [...]

When you first see that 21 percent tax rate for the C corporation, you have to think that this could [...]

Does your rental property activity meet the definition of a trade or business activity? If yes, your rentals produce the [...]

The office-in-the-home deduction produces good-to-excellent cash benefits when it eliminates commuting mileage. That’s the result you achieve when you claim [...]

The IRS has ruled that you “may deduct daily transportation expenses incurred in going between your residence and a temporary [...]