Latest Posts

Meals continue to be deductible under new IRS guidance

By Sally P. Schreiber, J.D.  (Sally.Schreiber@aicpa-cima.com) is a JofA senior editor. The IRS on Wednesday issued guidance clarifying that taxpayers may generally continue to deduct 50% of the food and beverage expenses associated with operating their trade or business, despite changes to…
Read more

The Attorney General’s Guide for Charities

The Attorney General for the State of California has recently revised the state’s guide for charities.  Please follow the link below to download the revised guide: Attorney General’s Guide for Charities  

5 ways to get a head start on tax reform planning

The Tax Cuts and Jobs Act presents both a challenge and an opportunity for tax professionals, according to Intuit’s senior tax analyst. “It’s a challenge just because of its sheer breadth,” said Mike D’Avolio. “But it’s also an opportunity to…
Read more

Will Clarification for Entertainment Expenses Come?

by Terry Sheridan Discussing business with a current or potential client/customer over a meal or drinks has been de rigueur for years, but with the Tax Cuts and Jobs Act no longer allowing deductions for common business expenses that would…
Read more