Small Business Tax Briefs: December 2019
HOLIDAY PARTIES AND GIFTS CAN HELP SHOW YOUR APPRECIATION AND PROVIDE TAX BREAKS With Thanksgiving behind us, the holiday season is in full swing. At this time of year, your business may want to show its gratitude to employees and customers by giving them gifts or hosting holiday parties. It’s a good idea to understand […]
FEDERAL TAX POSTS
POST 1: The IRS has proposed clarifications on how to treat certain contributions made to a charity in return for state and local tax credits. A provision of the Tax Cuts and Jobs Act limits an individual’s deduction for state and local taxes paid in a calendar year to $10,000. The new proposed regulations provide […]
