The Tax Clock Is Counting Down – Time For Year End Tax Planning! It’s been almost a year now that the Tax Cuts and Jobs Act has ushered in an era of Tax Reform. Even though the 2019 tax filing season may be delayed while the IRS plays catch up to the provisions and regulations...
2019 Social Security Update: From COLAs to Tax Calculations Be Cautious and Careful November is here and that means the Social Security Administration has announced its changes to one of the most important social programs in America. Here’s what you need to know now about Social Security changes ahead for 2019, either for yourself, your...
Tax Cuts Feed Growth to the Food and Beverage Industry Tax Reform will shake up the food and beverage industry in many ways, we don’t want clients to get caught unprepared or leave financial opportunities on the table. The Tax Cuts and Jobs Act (TCJA) puts American grocery manufacturers, food distributors, retailers and restauranteurs on...
IRS Makes Meals Deductible Again! Don’t order that lobster just yet - read this article first! Recently the IRS confirmed that taxpayers may continue to deduct 50% of the food and beverage expenses associated with operating their trade or business, despite changes to the meal and entertainment expense deduction under the Tax Cuts and Jobs...
Tax Reform Blunder has Repercussions for Restaurants and Retailers Businesses are missing out on tax breaks due to unintended errors in the way the tax reform law was worded. Is a band-aid on the way for this boo-boo? Technical corrections are needed to TCJA relating to Qualified Improvement Property (QIP) and the effective date for...
