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.

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.

Now that the holidays are over, we at Bradstreet & Company want to thank you for another year of great relationships and meaningful friendships, and hope you have a joyous and prosperous new year.

There are many options for student loan forgiveness and discharge, but each has different eligibility restrictions and a different application process. Learn how to apply for student loan forgiveness.