QUESTION: Can you take mileage as a tax deduction? ANSWER: Yes, but… If you use your vehicle to travel around for work, you are able to take a flat rate for each mile you put on your car as a tax deduction. However, there are certain considerations to be sure you are aware of first. […]


Here’s good news for business meals: the Tax Cuts and Jobs Act (TCJA) removed the “directly related and associated with” requirements from business meals. This means that business meals are once again subject to the “ordinary and necessary” business expense rules. You’re going to like these rules more than the old ones. Restaurants and Bars […]

Checkup on Your Paycheck

With half the year gone, it’s time for a paycheck checkup so you’re not unpleasantly surprised at tax time! Remember that last year, due to sweeping tax law changes, many taxpayers received a much smaller refund or owed additional tax that they were not expecting. Persons or families with multiple sources of income tend to […]

IRS Open for Tax Season

Despite the government shutdown, the IRS will be processing tax returns and refunds. However, since the agency is operating on a limited staff, don’t expect the same processing timeline as usual. On January 7th, the IRS issued the following: “Despite the government shutdown, the Internal Revenue Service has confirmed that it will process tax returns […]

Annual Registration Scam

We want to make you aware of an annual business filing scam that is surfacing again this year. If you have received an official-looking notice for registration titled, “ANNUAL REGISTRATION INSTRUCTION FORM,” do not respond. This scam is perpetrated by Workplace Compliance Services, and they seek to charge you well above and beyond your filing fee, […]

Health Insurance for Business Owners

If you own a company (or part of one) and that company pays for your health insurance, be sure you are taking full advantage of it. Two types of companies that can give their owners a great tax benefit from these expenses are the Sole Proprietor and the S-Corporation. However, the health insurance payments (or […]

Employee Expense Reimbursements

With the new Tax Cuts and Jobs Act, several things have changed in the tax planning world. One of the bigger changes affecting many of our clients is the elimination of the employee business expenses deduction, along with all other deductions subject to 2% of AGI. The reasoning behind removing the deduction seems to be that […]

Employer Tax Credit for Family Leave

What is this new credit? With the implementation of the new Tax Cuts and Jobs Act, there comes a new federal income tax credit for employers who provide qualifying paid leave to their employees for family and medical purposes. Get ready; there are a lot of math and numbers in this one! The qualifying employer […]

Estimated Taxes

How often do you pay income tax? If you are like most of us, it seems that you only pay income tax once a year…somewhere around April, I think. However, the Federal income tax is actually on a pay-as-you-go system, where you must pay the tax as you earn or receive it. For employees, that […]

Job Related Expenses

Big changes are coming for 2018 and beyond with the new tax bill that passed through the House and Senate in December, 2017. Parts of the new bill substantially increase the standard deduction while also removing and/or changing many of the itemized deductions. One of those changes concerns expenses incurred as part of a job […]