Tag: business taxes

IRS Expected To Allow Continued Meal Tax Deductions

deductions
Deductions for business meals may continue.

A pending IRS ruling may ease concerns about deductions for business meals.

According to the Wall Street Journal, the IRS is expected to release guidance that deductions for 50 percent of the cost of taking clients out for business meals. There had been concern about the deductions going away as a result of the massive tax overhaul passed…

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IRS Issues Pass-Through Tax Deduction Guidelines

tax
There’s plenty of complexity in the new tax law.

An aspect of tax reform that could provide significant savings for owners of pass-through businesses will also require plenty of work to claim.

One part of the tax bill passed at the end of last was allowing a 20 percent deduction on income from pass-through businesses. But it’s not as simple as it may seem. The IRS recently issued…

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Senators Introduce IRS Reform Bill

IRS
Congress is considering reforms to the IRS.

Two Senators have introduced a bill they say will reform some parts of the IRS and help low-income taxpayers.

Sens. Rob Portman, R-Ohio, and Ben Cardin, D-Md., last week introduced the Protecting Taxpayers Act.  The bipartisan legislation focuses on improving the organizational structure of the IRS and making it easier for small businesses and retirement plan administrators to comply…

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Have You Just Missed This Tax Deadline? Contact Wilton Manors Accountants

Wilton Manors accountants
Contact Wilton Manors accountants to handle taxes on deadline.

Most Americans have taken care of their tax filing obligations for the year. But if you’re your own boss, you may not be like most Americans. Getting in touch with qualified tax preparers such as the Wilton Manors accountants of Sterling Accounting may be in your best interest.

As CNBC points out, if you have income from a…

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Wilton Manors Book Keepers Notes: New Tax Law Alters Meals And Entertainment Rules

wilton manors book keepers
Contact Wilton Manors book keepers to help navigate tax law changes that effect meals and entertainment.

Businesses for the most part benefit from changes to tax law put in place at the end of 2017. But there are notable exceptions the Wilton Manors Book Keepers of Sterling Accounting want to bring to light.

One notable change is in the arena of meals and entertainment. According to…

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Supreme Court Case Has Big Implications For National, Wilton Manors, Tax Preparation

Wilton Manors Tax Preparation
A Supreme Court case involving South Dakota could impact Wilton Manors tax preparation.

A South Dakota case before the Supreme Court of the United States could have implications for national and Wilton Manors tax preparation.

The high court heard arguments last month in a suit that could determine whether e-commerce companies will have to pay sales taxes in states where their goods are…

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Fort Lauderdale Accountants News: Supreme Court Case Could Pose Bookkeeping Issues

Fort Lauderdale accountants
A case before the U.S. Supreme Court illustrates the need for online retailers to consult experts like the Fort Lauderdale accountants of Sterling Accounting.

A case coming before the Supreme Court could result in a major change for online retailers, illustrating the need to consult with bookkeeping experts such as the Fort Lauderdale accountants of Sterling Accounting.

South Dakota is asking the court to overturn a 1992…

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Notes From Wilton Manors Bookkeepers: IRS Warns Of Tax Scam

IRS scams
Beware of online scammers, the IRS warns. Wilton Manors Bookkeepers can help businesses navigate tax season, other issues.

The IRS has issued a warning the Wilton Manors Bookkeepers of Sterling Accounting realize and so should you. As tax season wears on, scammers are getting busy trying to rip off people.

Last week, the IRS issued a warning about the return of a specific scam. Forbes…

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What we know about Republican tax plans

Mitch McConnell
Senate Majority Leader Mitch McConnell is a key player in changes to the tax code.

Trying to understand just what GOP tax plans barreling through Congress means to businesses and individuals is a little like nailing jello to the wall. Which is why experts like Wilton Manors accountants Sterling Accounting are needed.

Things could still change before the tax package is approved by Congress and signed by President…

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Don’t neglect taxes in gig economy

Gig economy
As the gig economy grows, tax implications abound.

Tempted to make a little cash driving for Uber or Lyft, or renting out a room through Airbnb? Or have you built a business using other skills?

Then welcome to the gig economy, in which you can be your own boss, and, depending upon what you do, build your own business. But as with any small business, risks go along with…

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