100% Deductions for Certain M&E Expenses

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Now's the Time to Begin Your 2015 Tax Planning

Are You Aware of Your SALT Liabilities?.

How to Meet the Challenges of Managing a Family Business

100% Deduction for Certain M&E Expenses!

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Now's the Time to Begin Your 2015 Tax Planning

Whether you filed your 2014 income tax return by the April 15 deadline or filed for an extension, you may think that it's a good time to take a break from thinking about taxes. But doing so could be costly. Now is actually the time you should begin your 2015 tax planning - if you haven't already.

A tremendous number of variables affect your overall tax liability for the year, and starting to look at these variables early in the year can give you more opportunities to reduce your 2015 tax bill. For example,

your...(Read More)

Client Quote

"In the complicated world of taxes, their motto says it all Relax. We got this"

-Dan West

Graegle Land
& Water Co.

MAY 2015

Owners of family businesses face unique challenges that nonfamily-business owners don't have to worry about. These often arise from the dynamics of family relationships and the need to transfer these into the business environment. We discuss the importance of setting boundaries and how drafting a family business "constitution" can ward off problems before they occur.

Are you aware of your state and local tax (SALT) liabilities if you operate out of your home state? And do you understand what operating out of your home state really means? Nexus rules are ever evolving and it's important that you understand how your business might be affected.

If you have questions we have answers, give us a call and let us make sense of it all, so you can relax!

Are You Aware of Your SALT Liabilities?

Does your company operate in multiple states? If so, there's a good chance that you owe some state and local taxes (SALT) outside your home state. But many small businesses are unaware of their SALT liabilities.

While it's sometimes difficult to determine whether sufficient business activity has taken place in another state to trigger SALT liability, this usually isn't a valid excuse for nonpayment. The penalties for nonpayment can be steep, which makes complying with SALT obligations critical for small businesses....(Read More)

How to Meet the Challenges of Managing a Family Business

Owners of family businesses face unique challenges that nonfamily- business owners don't have to worry about. These often arise from the dynamics of family relationships and the need to transfer these into the business environment.

Family relations can sometimes get messy. When family members go to work together, it can be hard to flip a switch and pretend that problems at home don't exist. Family businesses that don't recognize these situations and confront them head-on can end up with ....(Read More)

100% Deduction for Certain M&E Expenses!

Generally, businesses are limited to deducting 50% of allowable meal and entertainment (M&E) expenses. But certain expenses are 100% deductible, including expenses:

For food and beverages furnished at the workplace primarily for employees,
Treated as employee compensation,
That are excludable from employees' income as de minimis fringe benefits,
For recreational or social activities for employees, such as holiday parties or ...(Read More)