De Minimis Safe Harbor Limit For tax years beginning on January 1, 2016 or later, the IRS has increased the de minimis safe harbor threshold for expensing from $500 to $2,500 per invoice or item for taxpayers without applicable financial statements. This limitation is for purposes for

Perhaps you have not thought about the differences between an independent contractor and an employee. Oftentimes, independent contractors and employees work in tandem with each other at the same company, doing alike tasks. The similarities stop there due to the very important legal gu

Here are some helpful points to consider when making charitable contributions to ensure you get the most for your contribution. Verify nonprofit status For charitable contributions to be deductible they must be made to qualified organizations. The organization must be recognized as a