As we enter tax season 2025, there is a lot of uncertainty around the economy and its direction. With that in mind, business owners could benefit from optimizing their tax-planning strategies and ...

Editor’s Note: Congress lifted the 50 percent cap for 2021 and 2022, so that business meals were fully deductible under the 2020 year-end Consolidated Appropriations Act (CAA). This change was ...

Question: I am a real estate agent and I often entertain potential clients and provide them with gifts at closings. What am I allowed to deduct and what kind of records am I required to support these ...

While these expenses are all considered necessities, other things people spend money on generally fall into the “discretionary” category. The data showed that the average American spends over $1,700 a ...

An expense account sounds simple enough, but it actually means two different things in business. First, it’s the process that lets employees pay for work expenses and get reimbursed by their company.

Sorry tickets to see Taylor Swift perform are not tax deductible. SAO PAULO, BRAZIL - NOVEMBER 24: (EDITORIAL USE ONLY. NO BOOK COVERS.) Taylor Swift performs onstage during "Taylor Swift | The Eras ...