Tax on Business & Profession

There is good news for business onwers- IRS has just issued Notice 2018-76 that pertains to deductions for meals and entertainment. As you know , under the pre-TCJA law, businesses could deduct upto 50 percent of the amount of the…
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Sexual harassment payouts will be more painful for the people or organisation who commits or at lease accept the same indirectly by opting for the settlement with the alleger. The just passed The Tax Cuts & Jobs Act law has modified…
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Can You Deduct Charitable Contributions on Schedule C Business? is one of the most often asked question by people involved in sole proprietorship business .The answer is short "NO" , but as is the case with most tax clauses, there is a good…
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