While many businesses have been forced to close due to the COVID-19 pandemic, some entrepreneurs have started new small businesses. Many of these people start out operating as sole proprietors. Here are some tax rules and considerations involved in operating with that entity. The pass-through deduction To the extent your business generates qualified business income […]
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The stimulus legislation passed at the end of last year included a provision that removes the 50% limit on deducting business meals provided by restaurants in 2021 and 2022 and makes those meals. fully deductible. Here are the details. Food and Beverage Expense: In general, the ordinary and necessary food and beverage expenses of operating […]
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Having effective sales conversations depends on the overall sales process and your ability to be consistently effective. Whether it’s starting the conversation, generating interest to produce a lead, or a potential new opportunity, you need to capitalize on that opportunity and convert it into business. Conversations are the gateway to their decision-making. Even if they […]
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Each of those keywords above has an important place in effective tax planning. There is a language to taxes, and unfortunately, only accountants have been primarily taught that language. Often a business owner wants to know what they don’t know when it comes to keeping more of what they make. After all, it’s not how […]
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