The path can get foggy sometimes…
a guide can help.
Disclaimer: All blog posts and articles are for educational purposes only. No content should be considered as tax advice to you. You know when you are receiving specific tax advice from Pathway CPA Group LLC when you are an engaged client through an active Engagement Agreement. Always seek tax guidance for your specific scenario from a knowledgeable CPA or tax preparer.
Overview of 105-HRA
The 105-HRA presents a compelling opportunity for business owners with a single employee to convert personal medical expenses into deductible business expenses.
Mileage Logs: How crucial are they for business tax deductions?
In most court cases, taxpayers lose vehicle expense deductions because they cannot present a credible business mileage log.
Key Insights into Depreciation
Here are some crucial insights into depreciation, particularly regarding business or rental assets.
Critical Updates on the Pass-Through Entity Tax (PTET)
We have some critical updates on the pass-through entity tax (PTET), which has recently become the rule in most states rather than the exception.
Tax Benefits of Repair Expenses vs. Improvement Costs.
The distinction between repair expenses and improvement costs can impact your tax benefits.
Helicopter View of 2023 Meals and Entertainment Deduction
Helicopter View of 2023 Meals and Entertainment