REPEAL OF ENTERTAINMENT DEDUCTIONS

REPEAL OF ENTERTAINMENT DEDUCTIONS

The Tax Cuts & Jobs Act (TJCA) repealed the deduction for business entertainment beginning in 2018.  This includes expenditures for taking clients to sporting events and shows, and paying for season tickets for various sporting events.   Generally, any dues for...
Home Office Expenses: What you need to know

Home Office Expenses: What you need to know

If you use part of your home regularly and exclusively for business you may be entitled to a deduction for the expenses associated with maintaining that work space whether you are self-employed or an employee. However, for an employee expenses are deductible only if...