Fully deduct business meals this year
Wining and dining customers and employees can result in tax deductions and for 2022, the write-offs are bigger than usual.
Tag: meals and expenses
Businesses must navigate year-end tax planning with new tax laws potentially on the horizon
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
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.
How Congress is Planning to Rescue Restaurants Through Tax Deductions
Lawmakers seek to tweak an existing business deduction to boost the restaurant industry’s bottom line and put thousands back to work.