Hello Rich,Happy New Year! Tax season is upon us — okay, ME. Here are some brief suggestions, reminders and cautions. My aspiration for 2020 — not to give up, on my community, country, planet. Best wishes — Rich Not Every Meal Is Deductible! Not every meal or beverage you take in during business hours is deductible. If
+ Read More
SUN-SET! Thinking about going solar? The current, lucrative 30% Federal tax credit will decrease to 26% in 2020 and then to 22% for units “put into service” during 2021. Then ZERO for residential units, and a reduced rate for commercial properties for a couple of years. Even with the credit, it can be an expensive —
+ Read More
Do you provide free parking for your employees? Thanks to a change made by the Tax Cuts and Jobs Act (TCJA), this may no longer be tax free. Essentially, the TCJA amended Section 274(a)(4) to provide that expenses paid or incurred by employers to provide employee parking are (generally) no longer deductible by for-profit companies.
+ Read More
© 2024 Aaronson Lavoie Streitfeld Diaz
