Comments for Joe Moughon, CPA http://joemoughoncpa.com Accounting Tue, 18 Jan 2011 13:56:07 +0000 hourly 1 http://wordpress.org/?v=3.3.1 Comment on Contact Me by admin http://joemoughoncpa.com/contact-me/comment-page-1#comment-66 admin Tue, 18 Jan 2011 13:56:07 +0000 http://joemoughoncpa.com/?page_id=42#comment-66 Please call me after noon on Tuesday. Thanks Joe Moughon CPA Please call me after noon on Tuesday.
Thanks
Joe Moughon CPA

]]> Comment on Flat Tax? by KB http://joemoughoncpa.com/flat-tax.html/comment-page-1#comment-4 KB Tue, 08 Jun 2010 19:29:07 +0000 http://joemoughoncpa.com/?p=40#comment-4 Ahhh, but we can dream that the day would come! I would happily pay a flat tax. Ahhh, but we can dream that the day would come! I would happily pay a flat tax.

]]> Comment on Business Entertainment-100% Deductible by admin http://joemoughoncpa.com/business-entertainment-100-deductible.html/comment-page-1#comment-3 admin Wed, 02 Jun 2010 21:54:30 +0000 http://joemoughoncpa.com/?p=12#comment-3 The key to making meals 100% deductible in my example was that it was a company-wide event, not just a regular business luncheon. Here are some other tips on how to make meals and entertainment 100% deductible covered in my tax ebook. Meals or entertainment provided to the general public to advertise or create goodwill. Cost for recreational, social or entertainment gatherings that primarily benefit rank and file (rather than highly compensated employees). Meals provided on the employer’s premises for the employer’s convenience are also 100% deductible rather than being subject to the 50% deduction limit for business meals. Example: You as the employer, hold a meeting at lunch time for a “working lunch meeting” with all employees. The cost of that lunch would be 100% deductible. This is known as a De Minis Fringe Benefit. Other De Minis Fringe Benefits might include: • Holiday gifts of low value (ham or turkey) • Coffee, soft drinks, donuts • Flowers, fruit baskets The key to making meals 100% deductible in my example was that it was a company-wide event, not just a regular business luncheon. Here are some other tips on how to make meals and entertainment 100% deductible covered in my tax ebook.
Meals or entertainment provided to the general public to advertise or create goodwill.

Cost for recreational, social or entertainment gatherings that primarily benefit rank and file (rather than highly compensated employees).

Meals provided on the employer’s premises for the employer’s convenience are also 100% deductible rather than being subject to the 50% deduction limit for business meals.

Example: You as the employer, hold a meeting at lunch time for a “working lunch meeting” with all employees. The cost of that lunch would be 100% deductible.

This is known as a De Minis Fringe Benefit. Other De Minis Fringe Benefits might include:
• Holiday gifts of low value (ham or turkey)
• Coffee, soft drinks, donuts
• Flowers, fruit baskets

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