Business Deductions Archives - Page 9 of 10 - Philadelphia CPA
15
archive,paged,category,category-business-deductions,category-15,paged-9,category-paged-9,ajax_fade,page_not_loaded,,qode_grid_1300,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-,wpb-js-composer js-comp-ver-5.6,vc_responsive
 

Business Deductions

For business owners, entertaining clients is a time-honored tradition. However, you must be extremely careful, because it's a sensitive area with the IRS.Here's 5 ways to maximize your business meal and entertainment deductions.Get down to business. Any entertaining must be directly related to the active...

The IRS continually analyzes compliance levels for entities by conducting hundreds of compliance projects and initiatives each year. When it comes to compliance, the IRS has increasingly focused on small business under-reporting, that is responsible for 84% of the 450 billion tax gap. At national...

The ability to deduct meals with your spouse is simply a question of fact. Were the meals ordinary and necessary expenses for your business? Did you keep the business meals records as required by law?The IRS is highly skeptical when it comes to business activities...

An IRS Audit is expensive, time consuming, and emotionally draining for starters. Its an experience you would like to avoid.Here are the 10 ways to avoid an IRS Audit:Keep Receipts and Invoices--These documents have really nothing to do with avoiding an audit, but they certainly...