For many businesses, dinners with clients or entertaining prospects on golf courses or sporting events are normal business practices, and in certain cases even necessary. However, beginning in 2018, business leaders should be aware of some key changes to the deductibility of business meals and entertainment expenses as a result of the Tax.
People often worry about how they’ll afford college for their children and grandchildren, but education costs start much earlier than adulthood. While every state offers free public education for all children, some parents choose private schools instead and the average cost of tuition for private schools can soar to over $10,000 a year..
In June 2018, the U.S. Supreme Court made a significant decision regarding sales taxes and online businesses. The ruling in South Dakota v. Wayfair affirmed that a state can now collect taxes from an internet retailer even if the company lacks a physical presence there. What the Supreme Court made clear, however,.