Does your business reimburse employees’ work-related travel expenses? If you do, you know that it can help you attract and retain employees. If you don’t, you might want to start, because changes under the Tax Read more
Document your business meal, vehicle, and travel expenses
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
Meals, entertainment, and transportation curbed under TCJA
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
Deciding about purchasing a vacation home
Whether you live in the thawing North or in the always mild South, the onset of spring leads to thoughts of summer vacations. After all, next month will be May. And Memorial Day Read more
Adding vacation days to a business trip: What can you deduct?
If you go on a business trip within the United States and tack on some vacation days, you can deduct some of your expenses. But what exactly can you write off? Read more
Are frequent flyer miles ever taxable?
If you recently redeemed frequent flyer miles to treat the family to a fun summer vacation or to take your spouse on a romantic getaway, you might assume that there are Read more
Combine business travel with a family vacation
Are you thinking about turning an upcoming business trip into a family vacation this summer? This can be a great way to fund a portion of your vacation costs. But if Read more