Posts Tagged ‘Tax Deductions’
Ballgames, Dinners and Tax Reform: The New Meals and Entertainment Deductions
Say goodbye to tax deductions for business entertainment expenses like baseball tickets and golf outings. It used to be OK to lump together things like games and dinners as “meals and entertainment” expenses because all those things were generally 50% deductible. But recent federal tax reform has changed that, though standalone business meals may remain…
Read MoreNew Year, New Role: Law Firm Partners Face Special Tax Considerations
Every Jan. 1, many lawyers across the country add “I just made partner!” to their “Happy New Year!” wishes, since new partnerships often kick in at the start of year. So the new year can mark the start of major financial changes for newly-minted equity partners, including important tax considerations that don’t concern law firm…
Read MoreMeals and Entertainment Deduction: Don’t Leave Money on the Table
Did you know that some qualifying expenses of the meals and entertainment deduction can actually be deducted at 100 percent? Learn more.
Read MoreHow Dentists Can Save Money with This Little-Known Tax Deduction
Did you know that on-site milling of dental restoration products can qualify dentists for the Domestic Production Activities Deduction (DPAD)? Learn more.
Read MoreNew Jersey Rules that Intercompany Royalty Expense is Deductible
Intercompany agreements are common among groups of related entities, and they can involve (i) the provision of services from one entity to another, (ii)…
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