Final Tax Regulations on Entertainment and Meals as Business Deductions

by Scott Lewis, CPA, MSAOn October 2, 2020, the IRS issued their final regulations on the deductibility of business entertainment and food and beverage expenses.…

Final Regulations on Bonus Depreciation from IRS and Impact for Dealerships

by Scott Lewis, CPA, MSAThe last set of final regulations from the IRS to implement the 100 percent additional first-year depreciation deduction, or bonus, was…

Final Tax Planning Strategies for 2020 in this Presidential Election Year

Regardless of who wins the upcoming presidential election, as we enter the final three months of 2020, we are suggesting some topline tax planning ideas.…