As we approach the end of the year, it’s a good idea to review your business’s expenses for deductibility.
The disclosure requirements under U.S. Generally Accepted Accounting Principles (GAAP) have gotten a bad rap for being overly burdensome and containing too much boilerplate language.
When owners, managers and salespeople attend trade shows, call on customers and evaluate suppliers, they may incur travel and entertainment expenses. Here are the rules for deducting these costs, including how they’ve changed under the Tax Cuts and Jobs Act (TCJA).
In today’s tightening job market, to attract and retain the best employees, small businesses need to offer not only competitive pay, but also appealing fringe benefits. Benefits that are tax-free are especially attractive to employees.
Back in 2013, the U.S. Office of Management and Budget issued new rules governing procurement for organizations that must comply with Uniform Guidance for grant reporting.