business expenses Archives - Seiler, Singleton & Associates, PA - CPA | Washington NC

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Seiler, Singleton & Associates, PA – CPA | Washington NC
  • Home
  • Services
    • Income Tax Planning & Tax Preparation
    • Payroll Services & Payroll Tax Prep
    • Bookkeeping & Accounting Services
    • Business Consulting
  • Industries
  • Articles
    • Individuals
    • Nonprofits
    • Small Business
  • Team
    • David F. Singleton, CPA
    • Beth Yates, CPA
  • Resources
    • Payroll
    • Accounts Payable
    • Calculators
  • Contact Us
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    • Income Tax Planning & Tax Preparation
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business expenses

Holiday gifts and parties can help provide tax breaks

Holiday gifts and parties can help provide tax breaks

December 9, 2019

With Thanksgiving behind us, the holiday season is in full swing. At this time of year, your business may want to show its gratitude to employees and customers by giving them holiday gifts or hosting holiday Read more

What type of business deductions can’t be written off for taxes?

What type of business deductions can’t be written off for taxes?

May 27, 2019

If you read the Internal Revenue Code (and you probably don’t want to!), you may be surprised to find that most business deductions aren’t specifically listed. It doesn’t explicitly state that you can Read more

Deducting business meal expenses under today’s tax rules

Deducting business meal expenses under today’s tax rules

April 22, 2019

In the course of operating your business, you probably spend time and money “wining and dining” current or potential customers, vendors, and employees. What can you deduct on your tax return for business Read more

Should your small business lease or buy equipment?

Should your small business lease or buy equipment?

April 15, 2019

Recent changes to federal tax law and accounting rules could affect whether you decide to lease or buy equipment or other fixed assets. Although there’s no universal “right” choice, many businesses Read more

Higher business mileage rate for business miles in 2019

Higher business mileage rate for business miles in 2019

January 28, 2019

This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business increased by 3.5 cents, to the highest level since 2008. As a result, you Read more

Document your business meal, vehicle, and travel expenses

Document your business meal, vehicle, and travel expenses

August 13, 2018

Meal, vehicle and travel expenses are common deductions for businesses. But if you don’t properly document these expenses, you could find your deductions denied by the IRS. Read more

Be sure repairs to property are actually repairs before deducting the cost

Be sure repairs to property are actually repairs before deducting

March 19, 2018

Repairs to tangible property, such as buildings, machinery, equipment or vehicles, can provide businesses a valuable current tax deduction — as long as the repairs weren’t actually Read more

Do you have a deduction for miles driven?

Do you have a deduction for the miles you have driven?

March 5, 2018

Individuals can deduct some vehicle-related expenses in certain circumstances. Rather than keeping track of the actual costs, you can use a standard mileage rate to compute your deductions. For 2017, you Read more

Meals & entertainment and transportation curtailed under TCJA

Meals, entertainment, and transportation curbed under TCJA

January 29, 2018

Along with tax rate reductions and a new deduction for pass-through qualified business income, the new tax law brings the reduction or elimination of tax deductions for certain business expenses. Two Read more

Tax Cuts and Jobs Act: Key provisions affecting businesses

Tax Cuts and Jobs Act: Key provisions affecting businesses

January 4, 2018

The recently passed tax reform bill, commonly referred to as the “Tax Cuts and Jobs Act” (TCJA), is the most expansive federal tax legislation since 1986. It includes a multitude of provisions that will Read more

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Recent Articles

  • Holiday gifts and parties can help provide tax breaks December 9, 2019
  • What it takes to deduct medical expense on your tax return December 2, 2019
  • Get your small business ready to prepare your 1099-MISC returns November 25, 2019
  • Save for a disabled family member with tax-advantaged ABLE account November 18, 2019
  • Steer your small business clear of a severe payroll tax penalty November 11, 2019

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