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…
Tagged By IRS
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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