New Tax Law Changes the Way you can Deduct Meals and Entertainment Expenses in 2018

New Tax Law Changes the Way you can Deduct Meals and Entertainment Expenses in 2018  Businesses will be affected by a major tax reform in 2018 under The Tax Cuts and Jobs Act (TCJA) which eliminates the deduction for business-related entertainment expense for amounts incurred or paid after Dec. 31, 2017. The TCJA also modifies the rules…

Check Out These Tax Deductions

The more tax deductions your business uses, the lower it’s taxable profit will be. In addition to putting more money into your pocket at the end of the year, the tax code provisions that govern deductions could also yield for personal benefits. Home Office Education Phone and Internet Costs Web Hosting and Online Store Themes Contractor Work Shipping…