Latest Articles
IRS Clarifies Deductibility of Business Meals
Hello Friends, Back in January, we warned you about a seismic change in business deductions for entertaining your clients and potential customers. Later, in May, we dug a little deeper and learned that key tax-writers in Congress had [...]
Partnerships and LLCs affected by Recent Tax Law Changes…
Recent Tax Law Changes Affecting Partnerships and LLCs and their Owners The Tax Cuts and Jobs Act (“TCJA”), passed by Congress and signed into law by President Trump in December 2017, includes several changes that affect partnerships and [...]
Business Entertainment write-offs
Business Entertainment write-offs are SO 2017 Dear Friends: Lawmakers finally did it. They eliminated some important tax deductions for business owners. In 1986, they reduced the directly related and associated entertainment deductions to 80 percent with that year’s [...]
New Reporting Requirement for PA Businesses
On December 14, 2017, the Pennsylvania Department of Revenue (“PADOR”) released an informational notice regarding the Withholding on Non-Employee Compensation and Business Income paid to individuals and unincorporated business that are non-residents of Pennsylvania. A link to the [...]