News




Controversial CBT Clean-Up Bill Signed Into Law
 

Controversial CBT Clean-Up Bill Signed Into Law

Posted: October 5, 2018
Legislation that was intended to “clean up” New Jersey's new corporate business tax bill was signed into law with provisions vehemently opposed by the NJCPA and other business groups.

IRS Issues Guidance on Business Meal Deductions
 

IRS Issues Guidance on Business Meal Deductions

Posted: October 3, 2018
Taxpayers may continue to deduct 50 percent of the cost of business meals if the taxpayer (or an employee of the taxpayer) is present and the food or beverages are not considered lavish or extravagant.





IRS Issues 2018-19 Per-Diem Rates
 

IRS Issues 2018-19 Per-Diem Rates

Posted: September 27, 2018
Business travelers who incur expenses while traveling away from home have new per-diem rates to use in substantiating certain of those expenses.