Jan 29, 2018 | Small Business
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 expense areas where the Tax Cuts and Jobs Act (TCJA) changes the...
Apr 3, 2017 | Individuals
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 is often considered the unofficial beginning of summer getaways. At this time, you might...
Dec 29, 2016 | Small Business
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? Transportation expenses Transportation costs to and from the location of your business activity are 100%...
Sep 26, 2016 | Individuals
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 no tax implications involved. And you’re probably right — but there is a chance your miles could be...
Jun 16, 2016 | Individuals, Small Business
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 you’re not careful, you could lose the tax benefits of business travel. Reasonable and necessary...