Accounting

business meal

August 24, 2015 

When Can Businesses Claim 100% Deduction for Employee Meals?

If more than half of the employees are furnished meals for the employer’s convenience, the meals for all employees are treated as being furnished for the employer’s convenience, even if the rest of the employees don’t meet this test. This rule could be cr

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August 19, 2015 

There’s No Accounting for the Hybrid Cloud

There’s absolutely nothing new about the hybrid cloud. You’d think that accepting that fundamental fact would be self-evident, but unfortunately it’s not. The terminology is misleading and has long since ceased to describe anything specific.

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August 19, 2015 

Back to College? Don’t Forget the Tax Credits and Deductions

The credits apply to eligible students enrolled in an eligible college, university or vocational school, including both nonprofit and for-profit institutions. The credits are subject to income limits that could reduce the amount claimed on their tax ...

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August 18, 2015 

New Law Simplifies Tax Filings for Nonprofits

A new law includes a streamlined automatic 60-day extension request process for federal tax filings of Form 990. The New York State Society of CPAs’ Exempt Organizations Committee had made the recommendation to the Internal Revenue Service ...

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August 18, 2015 

Which U.S. Cities are the Most and Least Educated?

In states with the least schooled workforces, the median wage is $15 an hour compared with $19 to $20 an hour in states where 40 percent or more of the working population holds at least a bachelor’s degree.