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2023 Meals & Entertainment Deductions

What are business meals? What meals are tax deductible? Is entertainment deductible?… Type of Expense Deduction Business Meals with Clients 50% Meals with Employees and… Rules for Business Meals

Transactions, Accounts, and Import Tools

Charitable contributions (non-advertising) Most food / meals (for business meals, see here)… accounts: Software required for your work Legal and professional fees such as Collective Meals… with a business associate (for more info on business meals, see here) Business travel Airfare

Travel Expenses

Airfare Hotel Tolls Parking Fees Travel Meals These are deductible travel expenses if you

Common Business Expenses

Meals Deduct these business expenses only up to 50% (although fully deductible meals do exist)

Frequently Asked Questions

This Meals & Entertainment article will go into more detail, but beginning 1/1/2023, meals consumed whiled… Meals & Entertainment… traveling overnight for business and meals with 2 parties involved (i.e. you and your client) can be

2. Collective Dashboard - Schedule the Onboarding Accounting and Payroll Zoom

you signed up for Collective prior to mid January 2023, you will not see this on your dashboard which means

Extending Your Tax Return(s)

What they DO care about is receiving accurate and correct tax returns, and if that means extending a… That means you should provide as much tax information as you can as soon as you can, so that we can calculate

New Year, New State Payroll Tax Rates!

Click on Tax setup If the tax rates in gusto and on the Tax rate notice are the same, that means

S Corp Introduction

The IRS assigns a default tax treatment to LLCs and Corporations, which means the IRS decides how these… That means you’re no longer subject to paying self employment tax on your business profits

Guide for Business Owners: Understanding the Differences Between Form 1120-S and Form 1040

An S Corp is a pass-through entity, which means that the corporation itself doesn't pay income taxes