Do your business-provided meals qualify for an increased deduction?

by H2R CPA Team When businesses provide meals to their employees, generally their deduction is limited to 50%. But there are exceptions. One is if the meal qualifies as a de minimis fringe benefit under the Internal Revenue Code. A recent U.S. Tax Court ruling could ultimately mean that more employer-provided meals will be 100% … Read more

How Long Should I Keep Financial Records?

by H2R CPA Team How long should tax returns, credit card statements, loan documents, and other important paperwork be kept? Whether running a household or a business, it is important to know when it is safe to dispose of financial and legal documents. ​​It is extremely important to hold on to financial paperwork in the case … Read more