meals and expenses Archives - BeachFleischman CPAs

Fully deduct business meals this year

April 5, 2022 Daliah Bui Tax Bites CAA, meals and expenses, TCJA

Wining and dining customers and employees can result in tax deductions and for 2022, the write-offs are bigger than usual.

Businesses must navigate year-end tax planning with new tax laws potentially on the horizon

November 12, 2021 November 22, 2021 Daliah Bui Tax Bites BBBA, meals and expenses, Section 179 expensing, TCJA

Allocating year-end tax planning time now can prove beneficial come tax filing time next year.

Many tax amounts affecting businesses have increased for 2021

February 9, 2021 October 6, 2021 Tax Department Financial & Professional Services, Tax Bites business tax, meals and expenses, retirement plan contributions, Section 179, social security, tax, tax deductions

How much do your employees have to earn in 2021 before they can stop paying Social Security tax? How much can they contribute to 401(k) plans this year? Here are the answers to these and other questions about tax-related inflation adjustments and changes affecting businesses.