Tax Warrior Chronicles

Reconstructing Business Records After a Disaster

Posted on Tue, Oct 17, 2017

By: Eric R. Elmore

 

The latter half of 2017 has been a trying time for many U.S. businesses. Disruption and damages from Hurricanes Harvey, Irma, Maria and Nate, and California wildfires have affected business owners who now wonder how to carry on in the aftermath.  Insurance, federal assistance agencies and the IRS require certain documents, which may have been lost or damaged, to make claims and place values on losses. In today’s post, we’ll share some tips on getting your business house back in order after a disaster.

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Safeguarding Your Tax Records During Hurricane Season

Posted on Fri, May 31, 2013
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Details on Tax Deductions: Meals and Entertainment

Posted on Thu, Nov 15, 2012

Every now and again our clients ask us for details about tax deductions we are all familiar with, but just want to know a little more about.  We've found that knowing the "rules" can result in higher deductions, if you account for and document your files appropriately.  Higher deductions = Less Tax!

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Casualty Losses - Can Summer Storms Wash Away Your Tax Bill?

Posted on Wed, Aug 22, 2012

With the violent storms that have recently been pounding the northeast and the upcoming hurricane season poised to make the Atlantic coast Mother Nature’s personal punching bag, it is essential to know what to do in the event a natural disaster causes significant damage to your property.  Aside from having the fire department on speed dial to help you lift any unwanted trees out of your living room, it helps to know the necessary steps that may help send your tax bill floating down the same unprompted river that swept away your car.

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Tax Impacts of Business Travel: Does Staying Overnight Matter?

Posted on Wed, May 23, 2012
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Tax Impacts of Business Travel: Accountable Plans

Posted on Mon, May 21, 2012

This week on the Tax Warriors Chronicles, we’re taking a closer look at an issue that most businesses face regularly: business travel expenses.  Deductible business travel expenses are subject to special rules for taxation, many of which are confusing to business owners and employees alike.  Over the course of the next three blog posts, we will help you understand how to navigate the rules relating to deductible business travel expenses.

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Managing Your Tax Records

Posted on Tue, Apr 17, 2012

Tax day is here and, unless you’ve filed for an extension or put it off to the last possible moment, by the time you read this you will have already completed your 2011 taxes. Congratulations! Of course, properly managing your taxes doesn’t end there. As part of our commitment to providing outstanding tax consulting and compliance services, the Tax Warrior Team at Drucker & Scaccetti would like to take this opportunity to share the following tax record management tips:

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