News Expenses & Deductions By Sally Schreiber, J.D. The IRS released guidance on Thursday explaining when the temporary 100% deduction for restaurant meals is available and when the 50% limitation on the deduction for food and beverages continues to apply for Sec. 274 purposes (Notice 2021-25). Under Sec. 274(n)(1), a deduction for any expense for […]
Bill to postpone estimated tax due date to be introduced in Congress
On Thursday, Rep. Lloyd Smucker, R.-Pa., announced he will introduce a bill that would postpone the due date for first-quarter 2021 estimated tax payments from April 15, 2021, to May 17, 2021. The estimated tax due date would then match the due date for 2020 Forms 1040, U.S. Individual Income Tax Return, which the IRS moved […]
New airline Avelo thinks it’s the perfect time to start flying as travel picks up
Avelo plane. Source: Avelo With demand for air travel growing quickly as the U.S. reopens from the Covid-19 pandemic, Andrew Levy thinks it’s the perfect time to launch a new airline. Levy is the CEO of Avelo, a low-cost carrier based in Burbank, Calif., that will start flying in late April to eleven airports and […]
Cyber Security – Guide to Digital Transformation
What is Cyber Security? Here is the guide to Digital Transformation. Many businesses have successfully made the transition to digital and are thriving! The small business landscape is slowly being transformed as businesses continue to use the wealth of information and resources available via government, software programs and industry groups. What is the next […]
Treasury yields ebb lower ahead of Fed meeting minutes
U.S. Treasury yields ebbed lower on Wednesday morning, ahead of the release of minutes from the Federal Reserve’s recent monetary policy meeting. The yield on the benchmark 10-year Treasury note fell to 1.635% at 3:40 a.m. ET. The yield on the 30-year Treasury bond dipped to 2.302%. Yields move inversely to prices. The Federal Open […]
Derek Chauvin’s defense takes another hit after police chief’s testimony, former prosecutor says
Testimony from Minneapolis Police Chief Medaria Arradondo was “another nail in the coffin” for former Minnesota police officer Derek Chauvin’s defense, Civil Rights lawyer David Henderson said Monday. “The fact that he is a key witness is an understatement. … The window for the defense to mount an effective presentation for this jury is quickly […]
Selecting a Payment Gateway
At some point, any small business owner that wants to set up and manage their own online payments would have to select a payment gateway. However, many small business owners do not know what a payment gateway is or why they need one. It can be complicated and overwhelming when looking at the number […]
U.S. Treasury yields tick higher after bumper jobs report
The U.S. 10-year Treasury yield moved higher early Monday as traders continued to digest March’s bumper jobs report. The yield on the benchmark 10-year Treasury note ticked up to 1.7181% in morning trade. The yield on the 30-year Treasury bond also rose to 2.374%. Yields move inversely to prices. It comes after nonfarm payrolls for […]
Leave Paper Checks in the Past
Just call me the paperless campaigner. The paper check chucker. The automation evangelist. For close to two years, I’ve been talking about the benefits of going digital and migrating your accounting platforms to cloud-based solutions. I hope my cheerleading is making a difference, but every so often I come across discouraging statistics. According to a […]
Covid vaccinations hit another record, average now above 3 million daily
Larry Wiggins is given the Moderna coronavirus (COVID-19) vaccine by Anya Harris at Red Hook Neighborhood Senior Center in the Red Hood neighborhood of the Brooklyn borough on February 22, 2021 in New York City. Michael M. Santiago | Getty Images The U.S. reported on Saturday another daily record of new Covid vaccine doses administered, […]