Tax Briefs

Research and Development Expenditures and claiming the Research and Development Tax Credit

Find out how to take advantage of the Research & Development tax credit which was made permanent in 2015.




Business Meals and Entertainment

Entertainment, amusement or recreation expenses for clients are no longer allowed business expenses while meals are now limited to 50%. Find out what restrictions limit what is and is not tax deductible.




Caution When Using Expense Allowances

Expense allowances can be problematic. Find out what documentation is needed to support their business purpose under an accountable plan.




Danger with Business Credit Cards

Multiple pieces of documentation are needed for substantiating purchases with a business credit card. Find out what paperwork to keep.




Opportunity Zone Tax Basics

Are you considering business development in an economically-distressed community? Find out what tax incentives might be available to you.




Fringe Benefits for S Corporation Shareholders – Year-End Tax Compliance

Shareholder-employees owning more than 2 percent of an S Corporation are treated differently than non-owner employees. Be sure to follow strict reporting guidelines to maintain potential tax benefits.