The reporting requirements for claiming┬ácharitable contributions of cash on your tax return can be strict. If you don’t follow them, your deductions may be disallowed by the IRS. You should also be aware that stringent rules also apply to donations of non-cash property. Property Gift Examples Have you considered giving stock to a worthy organization?… Continue reading

The process of submitting and approving expense reports for business travel can be an administrative hassle if your business reimburses employees for actual travel expenses. Fortunately, the IRS offers simplified alternatives that can save time and reduce recordkeeping. Per Diems vs. “High-Low” Rates Instead of reimbursing employees for their actual expenses for lodging, meals and… Continue reading