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tax return prep

Yes It’s Tax Season – But Take 5 Minutes To Breathe – You’ll Be Glad You Did!

  All over the U.S. accountants are burning the midnight oil. From January until April 15th, the most common words you will hear from any accountant in your life is “It’s tax season and my day is jam packed!” However, I am going to suggest that you take 5 minutes every morning to mentally de-clutter …

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Meal and Entertainment Expense Changes Under New Tax Reform

Entertainment The Tax Cuts and Job Act (TCJA) eliminates the deduction for entertainment expenses, including activities such as taking a client or a prospect to sporting events, the theater, movies, concerts, and amusement parks. The act also eliminates deductions for expenses incurred for entertainment facilities (for example, a stadium suite or skybox) and for amounts …

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