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The U.S. Department of Laborβs (DOLβs) test for determining whether a worker should be classified as an independent contractor or an employee for purposes of…read more
The Tax Cuts and Jobs Act (TCJA) was packed with goodies for businesses, but it also seemed to eliminate the popular meal expense deduction in…read more
On Friday evening, December 15, 2017, the conference report to H.R. 1, βTax Cuts and Jobs Actβ (the βActβ) was released. The conference report was…read more
This is the time to assess your tax outlook for 2021. By developing a comprehensive year-end plan, you can maximize the tax breaks currently on…read more
If you use an automobile in your trade or business, you may wonder how depreciation tax deductions are determined. The rules are complicated, and special…read more
Employer-provided life insurance is a coveted fringe benefit. However, if group term life insurance is part of your benefit package, and the coverage is higher…read more
Does your employer provide you with group term life insurance? If so, and if the coverage is higher than $50,000, this employee benefit may create…read more
Many not-for-profits experience a flood of last-minute donations at the end of the year. Although cash is easy to value, valuing noncash property donations is…read more
It’s not too late! You can still take steps to significantly reduce your business’s 2017 income tax bill and possibly lay the groundwork for tax…read more
If your employer provides life insurance, you probably find it to be a desirable fringe benefit. However, if group term life insurance is part of…read more
Are employees at your business traveling and frustrated about documenting expenses? Or perhaps youβre annoyed at the time and energy that goes into reviewing business…read more
Do you use an automobile in your trade or business? If so, you may question how depreciation tax deductions are determined. The rules are complicated,…read more
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