IRS Updates Guidance on Business Expense Deductions for Meals & Entertainment

The proposed regulations affect taxpayers who pay or incur expenses for meals or entertainment.

Business Owners, Individuals, IRS News, Tax ReformThe Doty GroupFebruary 25, 2020Tax Cuts and Jobs Act, TCJA, Business Expenses, Meals Expenses, Meals and Entertainment Expense, IRS, Proposed RegulationsComment

TCJA Impact Update: Is It Time For A Chart of Accounts Adjustment?

How to account for the changes to meals and entertainment expenses brought about by the Tax Cuts and Jobs Act

Business Owners, Individuals, Tax ReformThe Doty GroupJanuary 20, 2020Tax Cuts and Jobs Act, Chart of Accounts, Business Expenses, Meals and Entertainment Expense, Entertainment Expenses, Meals Expenses, Tax ReformComment

Highlights to Section 162: Tax-Deductible Business Expenses

CPA Catalin Clarke examines what makes a business expense tax-deductible, highlighting some key items to be aware of.

Business Owners, From The Doty Group, Individuals, ServicesCatalin Clarke, CPANovember 13, 2019The Doty GroupSection 162, Ordinary and Necessary, Business Expenses, Catalin Clarke, Tax, Tax PlanningComment

Educators - Get Money Back For Classroom Expenses!

Educators may be able to deduct unreimbursed expenses on their tax return. This deduction can put money right back in the pockets of eligible teachers and other educators.

Individuals, IRS NewsThe Doty GroupJune 26, 2019Tax Planning, Tax, Education, Business Expenses, Individuals, Educator Expense Deduction, 1040