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Blog

Student Athletes Name, Image, or Likeness

Aug 16, 2022 | Blog, Business Tax, Personal Tax

Colleges Now Allow Student Athletes to Profit from the Use of Their Name, Image, or Likeness The National Collegiate Athletic Association (NCAA) is now allowing athletes to receive compensation for the use of their name, image, or likeness (NIL). This new source of...

What Does Supersizing the IRS Really Mean?

Aug 9, 2022 | Blog, Business Tax, Personal Tax

Congress is funding an additional 87,000 IRS agents. These new agents will need to cut their teeth on simple cases, where for the most part taxpayers are not big enough or rich enough to fight back. This means those receiving tax credits, operating small businesses,...

5 Common Reasons Businesses Fail

Aug 3, 2022 | Blog

Business Failures In over 35 years of assisting new business startups, along with starting and running several businesses, I have found that most small business failures are due to 5 simple reasons. 1)  You’re going to work more than 9-5. Failure of the business owner...

Don’t Forget Qualifying Business Meals at Restaurants Are 100% Deductible This Year

Jul 11, 2022 | Blog, Business Tax

So, what is a qualifying meal and who can deduct it? Business meals are only deductible by the business. This includes partnerships, corporations, S corporations and sole proprietorships. The deduction for business meals is generally 50% of the actual expenditure...

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