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...

Tax Deductions for Existing Vehicles

You can take advantage of some valuable tax deductions you might have overlooked. That’s right. If you know the IRS rules (and we do!), your currently-owned business cars, SUVs, trucks, and vans, (and even your personal vehicles!), can be the source of...