Billing Customers for Time and Expenses in QuickBooks Online
Sometimes, you have to spend money on your customers. Make sure you’re billing them for it.
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Guidance on Tax-Free IRA Distributions to Charity
The Tax Code has several provisions encouraging individuals to make charitable contributions. One of these provisions allows individuals who are at least 70 1/2 by the end of the year to make a contribution of their taxable individual retirement account (IRA) distribution.
Consolidated Appropriations Act, 2021: Enhanced Deduction for Business Meal Expenses
After long negotiations and delay, the President signed the Consolidated Appropriations Act, 2021 on December 27, 2020. In an effort to shore up the dining industry, the relief legislation includes a temporary return of the business deduction for meals.
