ESOPs can be a great strategy for employers to reward employees for years of dedication or for a business succession plan for departing owners.
Business Meals and Entertainment Expenses – What is Still Deductible?
In the wake of Tax Cuts and Jobs Act effective on January 1st, 2018, crucial changes to the tax laws has already affected individual and business taxpayers based on income levels. The IRS has published a new guidance on the deduction of business meals and entertainment expenses on October 3rd. History of Business Meals and Entertainment Expenses Deductibility Prior to …