Business Tax Planning

Want to Deduct Business Clothing?

Want to deduct business clothing? Well, it ain't easy. The Tax Court has decided another case in an unfavorable fashion concerning a tax deduction for clothing for a Ralph Lauren salesman.  In Barnes v. Commissioner, [...]

Business Tax Planning|

Small Business Start-Up Checklist

The following Small Business Start-Up Checklist is provided as a guide for those considering a new business venture. Prior to beginning any business venture, it is important to understand the challenges that lie ahead. http://scottestill.com/bsiness-start-4/ [...]

Business meals- are they still tax deductible?

Business meal expenses and tax deductions for businesses The 2017 tax bill impacted businesses in many ways, many positive.  However, one very negative feature of the bill was the elimination of a tax deduction for [...]

Business Tax Planning|

IRS Targeting S Corporations in new Audit Program

IRS Targeting S Corporations in new Audit Program The IRS has been targeting S corporations for many years, often to determine if the corporate shareholders are properly reporting all income on their personal tax returns. [...]

Tax Planning Tips for Businesses and the New Section 199A.

Tax Planning Tips for Businesses and the New Section 199A. The IRS has recently issued 184 pages of regulations concerning a few provisions of the brand-new (in 2018) Section 199A of the Internal Revenue Code.  [...]

Business Tax Planning|