Throughout the month of March, we discussed information that had to be reported to the Internal Revenue Service (“IRS”) if a taxpayer wished to reduce their tax debt. Among this information is the taxpayer’s income, expenses, and any assets he/she may own. Here is a quick recap of the information we brought you during the [...]
On December 22, 2017, President Trump signed the Tax Cuts and Jobs Act (“TCJA”) into law. The TCJA presents a number of changes to previous tax law – some that affect businesses. Here are three things you need to know about the new act and how it affects business profits: Taxation for Pass-Through Entities A [...]
Emprendedor estos consejos sobre impuestos son para ti: 1. Las comidas Las comidas son deducibles hasta el 50% de los costos de los impuestos, pero debe haber habido un propósito de negocios para la comida. Simplemente ir a almorzar durante la jornada no es suficiente. Por ejemplo, si está conociendo a un cliente o a [...]
