Aug 31, 2017 | Small Business
When businesses provide meals to their employees, generally their deduction is limited to 50%. But there are exceptions. One is if the meal qualifies as a de minimis fringe benefit under the Internal Revenue Code. A recent U.S. Tax Court ruling could ultimately mean...
Aug 28, 2017 | Individuals
Many people prize tax deductions. The promise of a deduction can affect decisions in many areas, including charitable contributions, home buying, and investing in rental property. However, tax deductions offer only partial relief because they reduce income, not the...
Aug 24, 2017 | Nonprofits
You’ve probably heard it before: People don’t give to causes — they give to those asking on behalf of a cause. That’s why a personal appeal continues to be such a powerful not-for-profit fundraising tool. In fact, requests from friends or family members typically...
Aug 17, 2017 | Individuals
Now that Affordable Care Act (ACA) repeal and replacement efforts appear to have collapsed, at least for the time being, it’s a good time for a refresher on the tax penalty the ACA imposes on individuals who fail to have “minimum essential” health insurance coverage...
Aug 14, 2017 | Small Business
If your small business does not have a retirement plan, or if you are not pleased with the one you currently have, this summary can help you see how your retirement plan choices stack up. Safe harbor 401(k)s As 401(k) plans have gained popularity, many employees or...
