As we’ve been telling you the last few month, things have changed in 2018 when it comes to writing off meals and food expenses for your business. Business owners of all types will have to reevaluate their budget when it comes to food and meal deductions they were able to take in the past. Most of meals are still a write-off, but the real trick is to determine to what extent.
First, it’s important that we breakdown the four categories of meals and then consider what you should be tracking in your books.
We will have to spend some time to reflect about how the changes affect our businesses in 2018 moving forward here in Q1, structurally and administratively. This includes basic accounting functionality in respects to some important changes. More so, payroll and reporting changes...
The official Tax Cuts and Jobs Act bill of 2017 hasn't been released yet, so we are still waiting to see the details in how this effects all of us and our businesses.
What we do know after negotiations this week we're expecting to see the following in some shape or form, regardless of the conditions surrounding the detail of the bill...
That’s how much a lost laptop ended up costing the University of Mississippi Medical Center just in HIPAA fines after it was discovered it contained the protected health information of 10,000 people.
The breach goes back to March 21, 2013, when UMMC’s privacy officer discovered a password-protected laptop was missing from UMMC’s Medical Intensive Care Unit
THE TREASURY SETS ITS EYES ON KILLING FAMILY DISCOUNTING IN FLPs
Since I can remember, estate planning attorneys have been using entities such as family limited partnerships as an estate planning tool to shift net worth to their decedents. It's one of their favorite tools. The FLP [we also recently see FLLCs] is used to hold assets, that can be transferred
IRS OUTSOURCING YOUR PERSONAL DATA FOR COLLECTIONS
Outsourcing has grown popular over the past few decades with many companies farming others to manage their payrolls, assemble products, handle service & more. This allows companies to save some cash and focus on doing what they do best. However, there are certain functions that companies should keep at
WELCOME TO CALIFORNIA OR RATHER NEVADA I MEAN
Last year, a percentage tax based was introduced to Nevada LLCs on reported Nevada gross receipts. The Commerce tax was added to NV SB 483 through the amendment. This tax is a variation of the Governor’s originally proposed tax bill, NV SB 252.
AVOID THE HIPAA TRAP ON YOUR WORKING ADULT CHILD OR YOUR COLLEGE BOUND YOUNG ADULT
Do you have child who is heading off to college or know someone who does? If so, you’ll want to pay very close attention to the information HIPAA limits to you and your young, adult college student. Or even your adult child that is waiting for college. At home or away.
REVOLUTIONIZING ENTREPRENEURIAL MANAGEMENT AND ACCOUNTING
Our enterprise clients want on-going, on-demand, real-time support in the business advisory, accountancy, tax planning and organizational arenas. To affect a dramatic shift in cash flow and inspire confidence that they are properly represented, clients need a diversified team of professionals
THE ESTABLISHMENT FEAT MARCO THEODORE RUBIO CRUZ
I made them one. It's easier to keep track of their allegiance to the system: The Koch's, The Walton's, The Banks and The Super PACs. Quite frankly, they both bore me wildly, but the political and republican establishments need them more than ever NOW. And apparently, they LOVE business and the capital gain. Oh my.
THE SELF-DIRECTED IRA LLC
Americans rely on an array of retirement planning tools to see themselves through their golden years. Savvy individuals are turning to an alternative option, the self-directed individual retirement account with A SELF-DIRECTED IRA LLC, which can be a more lucrative and flexible, wealth-builder than traditional brokerage house poorly
IF THE GLASS SLIPPER FITS, WELL IT JUST FITS
Some analysts say voters have the chance to choose one of the most broadly and deeply qualified presidential candidates in modern history in Hillary Clinton by economic, social, diplomatic and international standards. Clinton’s handling of the Benghazi situation is not cut and dry. That's a true story.
THE YEAR THAT WAS. 1982?
The often cultish love for the Delorean Motor Company, the American automobile manufacturer formed by automobile industry executive John Delorean, was displayed for the one model it produced — the distinctive stainless steel DeLorean DMC-12 sports car featuring gull-wing doors (see "Back to the Future")—and for its brief and
CHINESE ASTROLOGY 101
I jested publicly last year in live presentations that the Chinese astrological sign for 2015 was the year of "The Goat". This stemmed from my teams insight and preference for some clients to start using old age, goat-like C-Corps again to help neutralize and defer higher tax rates in states like California and New York as a few examples.