Thought Leadership

Wooden Judge's Gavel on Wooden Desk

New Law Provides a Variety of Tax Breaks to Businesses and Employers

While you were celebrating the holidays, you may not have noticed that Congress passed a law with a grab bag of provisions that provide tax relief to businesses and employers. The “Further Consolidated Appropriations Act, 2020” was signed into law on December 20, 2019. It makes many changes to the…

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Stop Light

Taking the Company on the Road

For business owners, salespeople and other employees, a company car can be a valuable benefit. Thanks to the Tax Cuts and Jobs Act of 2017 (TCJA), the luxury auto threshold went from $15,800 to an inflation-adjusted $50,000. This means now could be an ideal time to invest in business vehicles. The…

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Tax Forms

2020 Q1 Tax Calendar: Key Deadlines for Businesses and Other Employers

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2020. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to…

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Toy Airplane & Passport on Wooden Table

Updates to IRS Rules for Using Per Diem Rates

The IRS has updated its previous guidelines for how businesses, self-employed individuals and qualified employees can substantiate their business travel expenses for tax purposes using the per diem rules. The guidance in Revenue Procedure 2019-48 modifies 2011 guidance to reflect changes made by…

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