Documentation is critical when taking expenses on your business return or Schedule C. Make sure your receipts show the date, the amount, where the meeting took place, who was in attendance, and what business purpose was covered during the meeting. The IRS is disallowing expenses lacking this vital information. A receipt is not enough to […]

As many of you may have heard or read, an Executive Memorandum has been sent to the Secretary of the Treasury to defer the employee and employer payroll taxes from September 1, 2020 through December 31, 2020.  The reason for the Memorandum is to give employees a larger paycheck during these unprecedented times, and while on the […]