Fine Dining for the Sell – The IRS Gets Their Just Desserts
Client Dinners as Tax Write-Offs: What’s Allowed and What’s Not Client dinners can be a valuable tool for building relationships, closing deals, and growing your business. But can you deduct these meals as a business expense? The answer is yes—with a few caveats. Under IRS rules, you can write off 50% of the cost of […]
Selling the Open Seas – Boats and Taxes
Can a Boat Be a Tax Write-Off? Here’s the Deal Dreaming of cruising on a new boat and wondering if the IRS will help cover some of the costs? You’re not alone! Many people wonder if a boat can be considered a business expense, or if it can be written off like other major purchases. […]
Small Business Taxes FAQ: 10 Common Questions Answered
Managing taxes as a small business owner can be overwhelming. To help, we’ve answered some of the most common questions about taxes for small businesses. Let’s dive in! 1. Do I need to pay taxes quarterly?Yes, most small business owners who expect to owe at least $1,000 in taxes must pay estimated taxes quarterly. This […]