Employee expenses are no longer deductible. Nevertheless, if the employer reimburses the employee under an accountable plan, the reimbursements should not be reported as income by...
Posted by Income Taxes and Bookkeeping LLC on 04/06/2021
Ideally, scholarships and grants should not be taxable, which is good news for students. However, it is too early to rejoice as Uncle Sam might want a cut based on the amount you got...
Posted by Pat Raskob on 03/08/2021
After the publication of the TCJA, it was evident that several areas of the new law needed clarification. One of the laws that need clarification is the meal and entertainment expenses...
College is one of the largest expenses one will incur during their lifetime. With college tuition rising steadily each year, and enrollment seeing a huge increase in the last...
Posted by UNIVERSAL ACCOUNTING & FINANCIAL SERVICES INC. on 10/28/2020
When an employee is called to the jury, it can be a burden on your business. It may be necessary to readjust just to cover the employee's absence. In some instances, the creation...
Posted by The TaxAdvocate Group, LLC on 10/14/2020
Saving tax dollars is an art. Filing taxes in time can save you from penalties. Making timely tax installments can also save you from penalties. In Canada, personal tax return is...
Posted by The Accounting and Tax on 02/26/2015
