Archives › 2012 › November › 13

Per diem limitations for business owners and >10% shareholders

If all of the actual travel costs are being put on the company credit card, then there is no per diem to pay, the company has paid the actual expenses because they are charged to the company’s credit card and paid by the company. If owner uses his personal credit card or personal cash for […]

Business Gifts – tax deduction limitations

The IRS allows you to $25 or less for business gifts you give to any one person during your tax year, whether directly or indirectly. Any amount in excess is non-deductable. Gifts your spouse gives to the same person or gifts given to someone who you reasonally expect will give it to the same person combine […]