Tax Benefit for Business Meal Expense Deduction Doubled for 2021-2022
May 05, 2021

Under current law, businesses may deduct 50% of the cost of business-related meals. The Consolidated Appropriations Act, 2021, (“CAA”) included a provision regarding the deductibility of business meal expenses to assist taxpayers impacted…

#RVABizLaw Tip of the Day: Take Advantage of the Business Travel Deduction 
January 21, 2019

Are you taking full advantage of the business travel deduction?  As a small business owner, you are entitled to a tax deduction for gas and auto expenses when using a car for business purposes.  You can do this one of two ways:  (i) deduct…