Late in 2016, the Internal Revenue Service released an announcement to remind eligible employees to commence their tax planning to take full advantage of their employer’s health flexible spending account, also known as a flexible spending arrangement (FSA), during 2017.…
The Internal Revenue Service keeps statistics based on the data it receives and gathers related to the filing of tax returns. Of course, current statistics are only up to date for the tax year two years prior to the present…
This blog will address the tax consequences of both leased and owned vehicles used for business purposes. Hopefully, it will offer some insight into the decision as to what is best for your business: buying or leasing? With both owned…