INSIGHT

Deductibility of Entertainment Expenses Under Tax Reform

Deductibility of Entertainment Expenses Under Tax Reform The new Tax Reform Act enacted under President Donald Trump makes significant changes to the rules and limitations to the deductibility of entertainment and meal expenses for businesses. [...]

By |2018-03-15T21:50:41+00:00March 15th, 2018|Corporate Tax, Small Business, Tax and Auditing|Comments Off on Deductibility of Entertainment Expenses Under Tax Reform

FAQ from Clients: What is the Death Tax

Although it may sound ominous, the so-called “death tax” is not as unsettling as it might seem. The Tax Cuts and Jobs Act currently making its way through Congress includes a phase-out of the death [...]

By |2017-11-28T00:52:52+00:00November 28th, 2017|Corporate Tax, Individual Income Taxes|Comments Off on FAQ from Clients: What is the Death Tax

FTB & IRS Installment Payment Agreements

Life is unpredictable, and sometimes there’s just not enough money to cover all your living expenses, including your income tax liabilities.  Though government agencies are not exactly known for being understanding, if you’re in a [...]

By |2017-11-28T23:01:24+00:00August 22nd, 2017|Tax and Auditing|Comments Off on FTB & IRS Installment Payment Agreements

Offers in Compromise – an Option to Reduce Your Tax Liability

When you think of the Internal Revenue Service (IRS) do you consider it an inflexible agency with a “do whatever it takes to collect all monies that are due” attitude? Most people do. And while [...]

By |2017-11-28T23:01:10+00:00July 14th, 2017|Tax and Auditing|Comments Off on Offers in Compromise – an Option to Reduce Your Tax Liability

3 Steps to Properly Claim Charitable Deductions

Giving financial support and property donations to charitable organizations usually leads to a win-win situation. The charity receives assets and the donor can often claim charitable deductions (in addition to "feeling good" about supporting worthy [...]

By |2017-02-21T01:33:02+00:00February 21st, 2017|Tax and Auditing|Comments Off on 3 Steps to Properly Claim Charitable Deductions