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Short answer: The deduction is still there but you may not make sense to use it anymore. The Tax Cuts and Jobs Act represents the most significant overhaul to the U.S. tax code in more than three [...]

The Section 199A tax deduction is the best small business and individual investor tax break of the 21st century, coming out of the 2018 Tax Act. Using Section 199A, business owners and real [...]

I’m a Prime member. I got the email. Thanks Jeff…I still love ya. When Prime first came out, I was skeptical. I didn’t think I would use it enough in a two-person household. But [...]

So, I am constantly getting asked about what business owners can deduct. And, aside from the obvious, there are always expenses that folks forget. Here are my top 5: MILEAGE. Mileage to and from [...]

So,you may have heard the buzz on the Meals & Entertainment changes.  The biggest ding goes to entertainment and staff meals. Forget the nice catered lunches, you will probably be getting [...]

I run across this issue over and over. I see employers have subcontractors that really should be classified as W-2 employees. This has become a big hot topic for the IRS. You can get penalized [...]

Have you started organizing your accounting records yet? Year-end if fast approaching and many business owners are busy gearing up to the upcoming tax season. Many individuals feel a bit [...]

I just got back from my 4th Annual Deeper Weekend Conference, of my rebel CPA group, Thriveal CPA Network. As I sit here, freshly back from the conference, I am reflecting on the amazing time I [...]

I have arrived in my profession. (Well, at least to myself). I was selected to speak at the North Carolina Association of CPA’s 2016 Women’s Conference last week. Thanks to Marie [...]

Cloud computing is quickly moving from an obscure concept to an everyday reality for small businesses all over the world. A 2015 survey of small business owners found that 52% had already adopted [...]