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. Business Consulting and Advisory, Tax Compliance & Planning
If you’re claiming deductions for business meals or auto expenses, expect the IRS to closely review them. In some cases, taxpayers have incomplete documentation or try to create records months (or years) later. In doing so, they fail to meet the …
Read More about Keep These DOs And DON’Ts In Mind When Deducting Business Meal And Vehicle Expenses
. Business Consulting and Advisory, Tax Compliance & Planning
The IRS recently released guidance providing the 2024 inflation-adjusted amounts for Health Savings Accounts (HSAs). HSA fundamentals An HSA is a trust created or organized exclusively for the purpose of paying the “qualified medical expenses” …
Read More about The IRS Has Just Announced 2024 Amounts For Health Savings Accounts
Many businesses use independent contractors to help keep their costs down — especially in these times of staff shortages and inflationary pressures. If you’re among them, be careful that these workers are properly classified for federal tax purposes. …
Read More about If You’re Hiring Independent Contractors, Make Sure They’re Properly Handled
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