Sponsor a Sports Team

Do you sponsor a sports team, or have you thought about sponsoring one? This kind of sponsorship can be great PR for your company and position you as a community-minded citizen. But what are the tax implications of becoming a team sponsor? What are the relevant...

Tax Reform

Wow, New 20 Percent Deduction for Business Income Here’s some really good news and it’s a big deal. . .  Section 199A of the new tax code lets you claim a deduction against your IRS 1040 taxable income of up to 20% of your qualified business income. Three...