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![Navigating Meals and Entertainment Deductions in 2024](https://insights.atchleycpas.com/wp-content/uploads/2024/07/Atchley-Feature-pexels-photo-958545-299.png)
Navigating Meals and Entertainment Deductions in 2024
Understanding the intricacies of tax deductions, particularly those related to meals and entertainment, is crucial to optimize your tax savings and ensure compliance with IRS regulations. Significant changes have been implemented in this area, making it essential to stay updated.
![Leveraging Bonus Depreciation and Section 179 for Optimal Tax Savings](https://insights.atchleycpas.com/wp-content/uploads/2024/07/Atchley-Feature-pexels-photo-1957478-572.png)
Leveraging Bonus Depreciation and Section 179 for Optimal Tax Savings
Managing tax liabilities effectively is crucial. Two significant tax-saving opportunities for businesses—Bonus Depreciation and Section 179 deductions—can significantly impact a company's bottom line.
![Understanding Business Travel Expenses and Tax Deductions](https://insights.atchleycpas.com/wp-content/uploads/2024/07/Atchley-Feature-pexels-photo-731217-817.png)
Understanding Business Travel Expenses and Tax Deductions
Now that business travel has picked up, it is crucial to understand what qualifies as deductible business travel expenses.
![2024 Q3 tax calendar: Key deadlines for businesses and other employers](https://insights.atchleycpas.com/wp-content/uploads/2024/06/Atchley-Feature-pexels-photo-8962476-664.png)
2024 Q3 tax calendar: Key deadlines for businesses and other employers
Summer is here! But here are some important third-quarter tax deadlines that businesses can’t afford to forget about.
![Election Year: Learn about Political Campaign Intervention](https://insights.atchleycpas.com/wp-content/uploads/2024/06/Atchley-Feature-pexels-photo-1550336-199.png)
Election Year: Learn about Political Campaign Intervention
We are in an election year, and this is always a good time to remind 501(c)(3) organizations about the IRS restrictions of political campaign intervention.
![Tracking Restricted Donations with QuickBooks Online Projects](https://insights.atchleycpas.com/wp-content/uploads/2024/06/Atchley-Feature-pexels-photo-271168-130.png)
Tracking Restricted Donations with QuickBooks Online Projects
In the world of nonprofit accounting, tracking restricted donations and grants can be a challenging task. However, QuickBooks Online offers a powerful feature that can simplify this process.
![A Closer Look at ASU 2023-01 Leases: Common Control Arrangements](https://insights.atchleycpas.com/wp-content/uploads/2024/06/Atchley-Feature-pexels-photo-7841833-886.png)
A Closer Look at ASU 2023-01 Leases: Common Control Arrangements
FASB new guidance ASU 2023-01 Leases is intended to ease the application of lease accounting for entities under common control, providing clarity on key issues that emerged following the introduction of ASC 842.
![Figuring corporate estimated tax](https://insights.atchleycpas.com/wp-content/uploads/2024/06/Atchley-Feature-pexels-photo-8297031-133.png)
Figuring corporate estimated tax
An important deadline for quarterly federal estimated tax payments is coming up on June 17. Here are the methods for computing payments for corporations.
![Tax tips when buying the assets of a business](https://insights.atchleycpas.com/wp-content/uploads/2024/06/Atchley-Feature-pexels-photo-273250-440.png)
Tax tips when buying the assets of a business
When purchasing a business, taxes may not be your main focus. However, the way the transaction is structured can result in either better or worse tax outcomes after the acquisition.
![Thinking ahead to your next Form 990](https://insights.atchleycpas.com/wp-content/uploads/2024/06/Atchley-Feature-pexels-photo-6348119-508.png)
Thinking ahead to your next Form 990
You may be alert to such issues as unrelated business income, but the IRS requires nonprofits to report many activities on their Form 990. We suggest you keep four lesser-recognized issues in mind this year.
![New 2025 amounts for Health Savings Accounts](https://insights.atchleycpas.com/wp-content/uploads/2024/06/Atchley-Feature-pexels-photo-3943723-359.png)
New 2025 amounts for Health Savings Accounts
Does your business provide Health Savings Accounts to employees? The IRS recently announced the inflation-adjusted amounts for 2025. Here's what you need to know.
![Nonprofits don’t lose as much to fraud, but risk still requires action](https://insights.atchleycpas.com/wp-content/uploads/2024/05/Atchley-Feature-pexels-photo-7111480-179.png)
Nonprofits don’t lose as much to fraud, but risk still requires action
Does your nonprofit train staffers and other stakeholders on how to recognize and report fraud? If not, you may risk financial losses you can’t afford. Here are some internal controls you can implement.