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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…

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…