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Business Entertainment Expenses and Deductions
Bloomberg Tax
Taxpayers generally may deduct 50% of the ordinary and necessary food and beverage expenses associated with operating their trade or business.
4 months ago
Campaign funds can now be used by Oklahoma candidates to pay for caregiving expenses
Oklahoma Voice
The Oklahoma Ethics Commission issued an advisory opinion Friday, permitting candidates who are primary caregivers to use campaign funds to pay for care of...
1 month ago
UK Chancellor fails to tax the super rich for ordinary people and climate justice
350.org
London, UK. Today, UK Chancellor Rachel Reeves announced a highly anticipated national budget that fails to tax extreme wealth, at the expense of ordinary...
2 weeks ago
Taxation of influencers: Gifts with strings attached?
Journal of Accountancy
Individuals promoting retail brands to their online audience may need to report taxable compensation for any benefit received.
2 months ago
Small business owners ask U.S. House tax writers to extend Trump-era deductions
Washington State Standard
Economists and small business owners urged US lawmakers Thursday to extend or make permanent the Trump-era tax cuts.
7 months ago
Advice | A ghostbuster, toys, and other weird tax deductions people try to claim
The Washington Post
Sometimes beer is a write-off, though the treats you keep for your personal pet at the office are not.
7 months ago
New 401(k) Withdrawal Penalty Rule Changes for 2024
Kiplinger
As of 2024, a new provision allows individuals to make penalty-free annual withdrawals to cover personal emergency expenses.
4 months ago
What is a tax write-off? How the deductions impact businesses taxable income
Fox Business
Expenses that contribute to running a business, like equipment, travel, rent and more can often be tax write-offs.
2 months ago
Deductibility of Promotional Expenses: Stock Car Racing?
Law.com
A discussion of the unique Tax Court case 'James W. Avery,' where, in connection with promoting his law practice, attorney James Avery attempted to deduct...
1 month ago
Alibaba Group Announces June Quarter 2024 Results
SEC.gov
Exhibit 99.1. Alibaba Group Announces June Quarter 2024 Results. Hangzhou, China, August 15, 2024 – Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988...
2 months ago