Newsletters
Increasing the Value of Your Business
Posted November 2019
This article deals with the process of increasing business value from the perspective of a buyer of the business. The real value of a business is the amount for which it can be sold.
Meals and Entertainment: Which Expenses are Still Deductible?
Posted November 2019
The Tax Cuts and Jobs Act of 2017 (TCJA) slashed many common deductions for business meals and entertainment. Yet a great deal of confusion remains about what is, and is not, deductible. Although most entertainment expenses no longer qualify (with some exceptions), many expenses for business meals continue to be deductible, at least in part. Here’s a quick review.
Taxation of Social Security Benefits
Posted November 2019
How Social Security benefits are taxed depends on your other income. In the worst case scenario, 85% of your benefits would be taxed. (This doesn’t mean you pay 85% of your benefits back to the government in taxes – merely that you would include 85% of them in your income subject to your regular tax rates.)