Reminder that the deductibility of business meals has changed for 2021 and 2022. Food and beverages will be 100% deductible if purchased from a restaurant during 2021 and 2022. The temporary 100% deduction should help restaurants which have been hard hit by the pandemic. Below is a chart you may find helpful as you monitor these expenses. Entertainment continues to be 100% nondeductible.
The IRS issued the 2022 optional standard mileage rates which are used to calculate the deductible costs of operating an automobile for business purposes, charitable purposes, medical purposes or moving purposes.
The biggest thing you hear in the news today is that individuals are getting lower refunds on their 2018 Returns compared to prior years.
Marked by turbulent trade conditions, a shifting retail landscape, continued fallout over tax reform and the accelerated growth of coworking companies, 2018 was an eventful year for the real estate and construction industries.
A variety of forces are at play in 2019. The IRS will continue to release additional guidance on provisions introduced via tax reform, the future of the U.S. trade policy is uncertain and interest rates will likely rise again.
Well, the nation’s largest tax conference reared its informative head again at the end of January. It was time to talk about tax reform, the new Ohio tax administration, Wayfair and, of course, the taxability of Cincinnati Reds’ bobbleheads (again). I am one of those people who loves to learn, see old friends and meet new people so this is an enjoyable event for me.
Beavercreek is stepping into the future and plans to offer new incentive programs in an effort to attract and retain growing businesses. The economic development tools the City wants to implement this year could bring many new jobs and greater investment to the City.
I tried meditation for the first time, and I found it to be very rewarding, surprisingly challenging, and quite energizing. Now, I am making daily meditation a part of my normal routine, and apparently, I’m not alone.
The Internal Revenue Service issued the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.