Category: <span>Tax Planning</span>

How the 20% Deduction Works for a Specified Service Provider

How the 20% Deduction Works for a Specified Service Provider

How the 20% Deduction Works for a Specified Service Provider As previously discussed, the 20 percent tax deduction under new 2018 tax code Section 199A is a very nice tax break for business owners, except for owners with high income who also fall into the out-of-favor...
Tax Reform Creates Taxes on Employee Fringe Benefit for Bicycles

Tax Reform Creates Taxes on Employee Fringe Benefit for Bicycles

Tax Reform Creates Taxes on Employee Fringe Benefit for Bicycles Tax reform created taxes on the employee fringe benefit for bicycles. You could (and can) deduct your costs for reimbursing employees for their qualified bicycle transportation costs. But tax reform now...