Family Day Care Providers Meals Allowance and Other Amenities for their Business. A taxpayer who is in the business of providing family day care in their home most likely provide meals and other amenities. Daycare providers may deduct the ordinary and necessary expenses of their business. In both parts of this blog series, we will […]
Deductions
Preparing Taxes for 2018 and Beyond
Preparing Taxes for 2018 is Not Business As Usual The change behind tax reform has the way most taxpayers are thinking about and planning for their taxes. Preparing taxes in 2018 is no longer business as usual. For those who think it is are in for a rude awakening come tax time next year.
Tax Reform Puts Cap on Deducting Business Losses
Tax Cuts and Job Act Caps on Deducting Business Losses Deducting business losses is just another article in a series that explains how the various tax changes in the GOP’s Tax Cuts & Jobs Act. This series offers strategies that you can employ to reduce your tax liability under the new law. Under the Act, […]