Author Archives: Walker Glantz

Tax Credit for Plug-In Electric Vehicle Credit Begins Phase Down

Today, the IRS announced that Tesla, Inc. has sold more than 200,000 vehicles eligible for [...]

IRS issues standard mileage rates for 2019

WASHINGTON — The Internal Revenue Service today issued the 2019 optional standard mileage rates used [...]

Tax reform expands availability of cash accounting

Under the Tax Cuts and Jobs Act (TCJA), many more businesses are now eligible to [...]

Buy business assets before year end to reduce your 2018 tax liability

The Tax Cuts and Jobs Act (TCJA) has enhanced two depreciation-related breaks that are popular [...]

Recent Developments That May Affect Your Tax Situation

The following is a summary of important tax developments that have occurred in July, August, [...]

Now’s the time to review your business expenses

As we approach the end of the year, it’s a good idea to review your [...]

Tax-free fringe benefits help small businesses and their employees

Tax-free fringe benefits help small businesses and their employees. In today’s tightening job market, to [...]

Be sure your employee travel expense reimbursements will pass muster with the IRS

Does your business reimburse employees’ work-related travel expenses? If you do, you know that it [...]

Close-up on the new QBI deduction’s wage limit

The Tax Cuts and Jobs Act (TCJA) provides a valuable new tax break to noncorporate [...]

Business deductions for meal, vehicle and travel expenses: Document, document, document

Meal, vehicle and travel expenses are common deductions for businesses. But if you don’t properly [...]