The cost of certain meals purchased on business trips can be deducted from your taxable income. In fact, this is one of the most common employee and small business expenses claimed each year. When deducting a meal expense, the IRS allows taxpayers to use two different methods: the standard meal allowance or the actual cost of…Read more
About: Padgett Business Services
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We hit the 10 year mark this year. Whew! We are feeling relieved to get that milestone out of the way. Did you know that 96% of all small businesses fail within the first 10 years? Thankfully we have experienced great success, a few defeats and learned many lessons along the way all leading to…Read more
We see it every day this time of year. Let me set the stage for you. Its fast paced at the office. Stacks of client files surround every workstation. We’re all in the tax filing groove, if there is such a thing. Usually the music is going in an effort to calm the pace of…Read more
Webster tells us that an accountant "understands the cost of everything and the value of nothing." Why “From Behind The Mahogany Desk?” Because it couldn’t be further from the truth. OUT from behind the desk might be more accurate. That’s our favorite place to be, out working with our clients. We also considered “The Not-So…Read more
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