Providing employees with company vehicles is a common business practice, especially for contractors, sales personnel, service technicians, executives, and employees who regularly travel to customer … [Read more...] about Employee Personal Use of Company Vehicles: How to Properly Report the Benefit on Form W-2
IRS Mileage Log Requirements
What Every Business Owner Needs to Know For many business owners, self-employed individuals, real estate agents, contractors, consultants, and gig workers, the mileage deduction is one of the … [Read more...] about IRS Mileage Log Requirements
The Kwong Case: A Tax Court Ruling That Could Impact Millions of Taxpayers
A little-known federal tax case, Kwong v. United States, has suddenly become one of the most-discussed issues among tax professionals in 2026. While the case itself started as a dispute involving one … [Read more...] about The Kwong Case: A Tax Court Ruling That Could Impact Millions of Taxpayers
Lawmakers Punish Employers: Break-Room Coffee Not Deductible
Congress has quietly turned a long-standing, commonsense business practice into a tax trap: starting in 2026, employers will lose the deduction for ordinary break-room coffee and snacks—even though … [Read more...] about Lawmakers Punish Employers: Break-Room Coffee Not Deductible
Don’t Take Tax Advice from Social Media: A Warning from the IRS Dirty Dozen
Each year, the IRS releases its “Dirty Dozen” list—a warning to taxpayers about the most common scams, schemes, and pitfalls that can lead to mistakes, penalties, or even audits. One of the key items … [Read more...] about Don’t Take Tax Advice from Social Media: A Warning from the IRS Dirty Dozen
What is a Government Shutdown — and Why It Matters
When Congress fails to pass appropriations or a continuing resolution to fund federal agencies beyond September 30, non-essential (“discretionary”) operations must pause. Essential services—such … [Read more...] about What is a Government Shutdown — and Why It Matters
