Tax Deduction Alert: Business Meals

Tax Deduction Alert: Business Meals

At the end of 2020, legislation was introduced that increased the deductibility of business meals expense. However, not all expenses are eligible for the increased deduction. Entertainment expenses remain non-deductible for tax purposes. Meals provided to employees...
Vaccination Tax Credits

Vaccination Tax Credits

As the nation suffers from the ravages of the super-contagious COVID-19 Delta variant, the federal government desperately wants all American workers and their families to get vaccinated. If you have employees, you probably feel the same way. Indeed, more and more...
Employer Retention Credit

Employer Retention Credit

The Consolidated Appropriations Act of 2021 introduced the Employee Retention Credit for qualifying businesses. The American Rescue Plan Act of 2021 (ARPA) enhanced the Employee Retention Credit (ERC) and extended it for an additional six months, through December 31,...
Small Business Retirement Plans

Small Business Retirement Plans

If you’re self-employed or own a small business, you’ve probably considered establishing a retirement plan. If you’ve done your homework, you likely know about simplified employee pensions (SEPs) and savings incentive match plans for employees...
How to Evaluate Your Business Idea

How to Evaluate Your Business Idea

They say that everybody has at least one good novel in them, and many people feel the same way about ideas for a successful business. If you are considering diving into the world of entrepreneurship, it’s a good idea to pause for a moment, take a deep breath, and let...