Christine Hradsky No Comments

Employers: IRS Updates Business Travel Per Diems

per diems

Formal expense reimbursement policies may now be necessary. The process can be simplified by paying travel per diems instead of going through submitted receipts.

Under current tax law, employees aren’t allowed to claim miscellaneous itemized deductions — including unreimbursed business expenses — on their personal tax returns for 2018 through 2025. So, it may be more important than ever for employers to set up expense reimbursement plans for business-related travel costs. Read more

Christine Hradsky No Comments

Create an Accountable Plan to Reimburse Employees for Business Expenses

Accountable Plan

An “Accountable Plan” can minimize the effects of the tax laws’ changes to itemized deductions for business expenses incurred on behalf of employees.

Did you know that the Tax Cuts and Jobs Act (TCJA) eliminated itemized deductions for employees who incur unreimbursed expenses for company business for 2018 through 2025?

Fortunately, you can set up a so-called “accountable plan” to minimize the adverse effects of this TCJA provision. Here’s how the accountable plan deal works. Read more

Christine Hradsky No Comments

Tax Reform’s 199A Redefines “Consulting” For Government Contractors


Government contractors who are listed as ‘consultants’ may want to reconsider their terminology under section 199A of the new tax reform.

By Meredith Pilaro and Jeff Bilsky

Government contractors provide many different types of services across many different industries, such as IT, R&D, operations and professional services. In the past, many of these contractors may have used the term “consultant” or “consulting” to describe the wide range of services they provide. Yet this 2018 tax season, it may be time for contractors to revisit this terminology, particularly if they are structured as a flow‑through entity for tax purposes (i.e., an S corporation, a partnership, or an LLC taxed as a partnership). Read more

Christine Hradsky No Comments

International Tax Technical Update- October



On September 13, Department of the Treasury and the Internal Revenue Service (collectively, Treasury) issued proposed regulations (REG-104390-18, hereinafter, the Proposed Regulations) implementing Section 951A. Read more

Christine Hradsky No Comments

Claiming the New Employer Tax Credit for Family and Medical Leave

Medical Leave

A new tax credit sweetens the deal for companies offering paid family and medical leave.

The Tax Cuts and Jobs Act (TCJA) establishes a new federal income tax credit for employers that provide qualifying paid family and medical leave benefits to their employees. This credit is only available for two employer tax years — those beginning between January 1, 2018 and December 31, 2019 — unless Congress extends the deal. Here are some FAQs about this tax break.   Read more