IRS Tax Tips for Small Business

With the end of the year within mere days, a lot of people’s minds are on 2021—the economic stability and market forecast, the change in presidential administration, the future of their own business, and tax season.

When can you deduct business-related meals – and how much can you deduct?

The Tax Cuts and Jobs Act (TCJA) permanently eliminated deductions for most business-related entertainment expenses paid or incurred after 2017.