As an attempt to stimulate the restaurant industry, business meals prepared by a restaurant became 100% deductible to the employer for 2021 and 2022. Prior to this change, meals were mostly 50% deductible. Now, in 2023, we are back to where we were before the pandemic, so most meals are once again 50% deductible while entertainment expenses remain non-deductible.

If one of these notices comes your way, please check immediately with your tax advisor. This piece of mail is not to be ignored.

Many people including me want to make things hard. Because, if it isn’t hard, it is not worth doing. That old adage too often doesn’t carry its own weight.

Our featured WSJ article by Heidi Mitchell was published on November 4, 2021. It discusses studies that show that humble entrepreneurs are able to raise more money than ones who are not.

From a cash flow standpoint, the IRS, the state, school districts and cities can’t lose when it comes to gambling. From a tax standpoint, whether you win or lose at gambling. - you can’t win.

We hear or read about inflation every day. How many of us though actually listen or even care about inflation? I kind of do and kind of don’t. I guess the “don’t care” side of me comes from how little control I have over inflation. None.