Tag: finance

New Tax Law Takes a Bite out of the Meals & Entertainment and Transportation Deductions

New Tax Law Takes a Bite out of the Meals & Entertainment and Transportation Deductions

Tax reform law commonly referred to as H.R. 1 Tax Cuts and Jobs Act of 2017 has changed the deductibility of certain meals, entertainment and transportation expenses. Prior to 2018, a taxpayer could deduct 50 percent of business meals and entertainment and 100 percent of meals provided through an in-house cafeteria or meals provided for the convenience of the employer (i.e., de…

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Why Do You Need A Bookkeeper?

Why Do You Need A Bookkeeper?

 I haven often come across the stall from a business owner on the phone, when they say:  “We have an Accountant already, and we don’t need a bookkeeper, thank you.” Not what you really want to hear when prospecting, and not always easy to then break the ice and explain why a bookkeeper and accountant need to run alongside each…

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