Hobby Losses? Tax Court Allows Long String Of Horse Losses (Forbes) - A long string of losses in a horse related business may well attract IRS attention. Donât despair. If you take the right steps you have a good chance of winning in Tax Court. Reillyâs Eighteenth Law of Tax Planning - Honest objective trumps realistic expectation.
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IRS Updates Per-Diem Rules for Business Travelers (CPA Practice Advisor) - The Internal Revenue Service has issued guidance for business travelers, updated to include changes resulting from the Tax Cuts and Jobs Act (TCJA). Revenue Procedure 2019-48, posted on IRS.gov, updates the rules for using per diem rates to substantiate the amount of ordinary and necessary business expenses paid or incurred while traveling away from home.
You Only Get One Chance to Make a First Impression (Accounting Today) - Itâs always exciting to start working with a new client. Youâve got a clean slate, high expectations and unlimited potential. But how do you establish yourself from day one as your new clientâs most trusted advisor instead of just their tax preparer? It all starts with the client onboarding process.
How to Avoid Snooping on Hotel Wi-Fi and Other Public Networks (How-to-Geek) - Hotel Wi-FI networks are often completely open, requiring only a room number, code, or click-through to access the Internet. This lack of real encryption means your Internet usage is vulnerable to snooping from others sharing the network.