Tax reform imposed limitations on food, beverage and entertainment expenses. Expenses considered entertainment are not deductible at all during the years 2018 through 2025. The
Important Information On How Tax Reform Effects Business Entertainment
Article Highlights: $600 Threshold Exceptions Form W-9 Impact of Tax Reform 1099-MISC Filing If you use independent contractors to perform services for your business
Article Highlights: Business Meals Under TCJA 100% Deduction for 2021 and 2022 Qualifications f you recall, the Tax Cuts and Jobs Act (TCJA), effective beginning
Article Highlights: Paycheck Protection Program Eligible Entities Loan Terms Loan Forgiveness Forgiveness Reduction Simplified Loan Forgiveness Deductibility of Expenses Funds Availability Congress passed, and
Video: Standard Mileage for 2021 Announced https://www.legacytaxresolutionservices.com/blog/video-standard-mileage-for-2021-announced/44924
Article Highlights: Depreciation Material & Supply Expensing De Minimis Safe Harbor Expensing Routine Maintenance Bonus Depreciation Section 179 Expensing Thanks to some very liberal
Article Highlights: Restaurant Revitalization Fund Eligible Entities Application Good-Faith Certification Tax Issues Covered Period Available Funding Priority in Awarding Grants Determination of Grant Amount Use
To support the restaurant industry who was hit hard during the pandemic, Congress is giving businesses a tax break as a way to increase revenue
Video: Quick Tips for Effective Tax Record-Keeping https://www.youtube.com/watch?v=XHOmBV4js_E
