Under the Tax Cut and Jobs Act (TCJA) there has been some confusion about whether business meals would continue to be deductible as a business-related expense. The law, as worded, created some ambiguity about whether the TCJA would change how business meals would be treated.
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Back to school shoppers have the opportunity to pay a little bit less for purchases in early August.
Ohio’s sales and use tax holiday begins at midnight on Aug. 3 and runs through Aug. 5 at 11:59 p.m.
The state’s legislature passed legislation in March to create a permanent sales tax holiday each year on the first Friday, Saturday and Sunday of August.
With so many Americans conducting business outside their office, the recent IRS announcement of the 2015-2016 business travel expense rates will certainly impact many. In 2011 alone, American businesspeople took a total of 445 million trips for work-related matters, (source: NYTimes.com 05/03/12) and that figure grows steadily each year.