BCo Blog

Further Explanation on 100% of Business Meals Deductibility in 2021 & 2022

On Thursday April 8th, the IRS issued Notice 2021-25 providing further guidance on when the temporary 100% deduction for meals applies and when the 50% limitation continues to apply.  In addition, the IRS explains the [...]

By |April 19th, 2021|Categories: Business Operations, Business Tax, IRS|Comments Off on Further Explanation on 100% of Business Meals Deductibility in 2021 & 2022

PPP Deductions may be coming for California

Today the U.S. Department of the Treasury has officially announced that States are allowed to conform to Federal law on PPP loan deductibility.  A few weeks ago California AB 80 was stalled as the state [...]

By |April 8th, 2021|Categories: Announcements, BCo Community News, IRS|Comments Off on PPP Deductions may be coming for California
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