Proving Travel Expenses after Tax Reform

As you likely know by now, your travel meals continue under tax reform as tax-deductible meals subject to the 50 percent cut. And tax reform did not change the rules that apply to your other travel expense deductions.   One beauty of being in business for yourself is...

Avoid 1099 Headaches: Three Strategies

The easiest way to avoid the headaches and potential penalties caused by issuing 1099s to independent contractors is to structure your activities to: (1) minimize the number you have to issue, and (2) prepare in advance if you do have to issue them  Strategy 1: Select...