In the past year, the country-wide outbreak of the COVID-19 pandemic has led to the disruptions of people’s everyday lives and the normal functioning of numerous businesses. It has prompted the US government to come…
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IRS Looking to Tax Free Lunches Offered at Tech Firms
Federal tax officials may bring more reality to the old adage “There’s no such thing as a free lunch.” According to reports from the California Bay Area and Silicon Valley, the Internal Revenue Service is…
IRS Ups Deduction vs. Depreciation to $2,500 for Computers, Phones
The Internal Revenue Service has increased the amount small businesses can expense versus depreciate on their taxes each year. It’s a change that should simplify record keeping and increase the amount of a capital investment…
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