Charitable Donations: Do Good While Reducing Your Tax Bill

Thinking about making donations to a charity or nonprofit before the end of the year? There are a few things to keep in mind in terms of eligible deductions and documentation you should have in the event of an audit.

Introducing Our New 1099 Service

Are your 1099s prepared for 2022? If you paid someone who is not your employee (such as a subcontractor, attorney, or accountant) $600 or more for services in 2022, you must complete and submit a 1099 to the IRS by January 31 of the following year, and a copy of the 1099 must also be …

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The Three Martini Lunch Rule

Did you know that the Three Martini Lunch Rule ends on January 1, 2023? 🍸🍸🍸 A benefit from the The Consolidated Appropriations Act, 100% of restaurant meals have been temporarily deductible since 2021, ending in 2023 when we’ll return to having both 50% and 100% deductible meals. What’s the difference between the two for your …

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