On Monday December 21, 2015 the IRS announced the IRS will officially begin accepting electronic filing of 2015 returns on Tuesday January 19, 2016.
2016 Tax Season Opens Jan. 19 for Nation’s Taxpayers
IR-2015-139, Dec. 21, 2015
WASHINGTON ― Following… Continue reading
Wednesday March 26, 2015 was a first for me.
Jessica Rivelli of Working Women of Tampa Bay invited me to be a part of Working Women Wednesday on That Business show with Jamie Meloni.
It was my first time… Continue reading
MEALS AND ENTERTAINMENT ARE THEY DEDUCTIBLE ?
Many food, beverage or entertainment expenses that are directly related or associated with the active conduct of a trade or business are allowed to be deducted as business meal and entertainment expenses to the extent that they are not lavish and extravagant. You must document details of these meals and entertainment meetings to comply with IRS rules. Most qualified meals and entertainment are 50% deductible however some are 100% deductible. The fully deductible benefits are often missed.
Generally only 50% of these meal expenses are deductible. A few examples that are generally 50% deductible are:
- Meals with current or perspective clients, customers, and vendors that will benefit the business.
- Meals directly related to business meetings of employees, stockholders, agents, and directors.
- Meals while on business travel status.
- Meals while attending a business seminar, convention, networking or any other form of meeting.
There are certain meal expenses that are 100% deductible. A few examples that are generally 100% deductible are: Continue reading