"Commission Rebates in 2026: Cut Your Fee, Don't Cut a Check" To get my complete, FREE articlewith all the details… You want to win clients by giving them a break on your commission. How you hand over that break — a check or a smaller fee — can quietly change your tax result. One approach leaves you with nothing to deduct, nothing to substantiate, and nothing to … [Read more...]
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The OBBBA made charitable deductions harder—here’s the workaround
The OBBBA Made Charitable DeductionsHarder—Here's the Workaround To get my complete article with all the details… You give to your church, your local school, the charity your best customers care about. You want to support them—and you'd love a tax deduction for it. But after the OBBBA, the personal charitable deduction is harder to use than ever. In 2026, charitable … [Read more...]
Deduct the Costs of Sponsoring Sports Teams
Do you sponsor a sports team, or have you thought about sponsoring one? This kind of sponsorship can be great PR for your company and position you as a community-minded citizen. But what are the tax implications of becoming a team sponsor? What are the relevant questions you’ll need to ask yourself? For example, can you deduct your sponsorship of a sports team, even one … [Read more...]
Tax reform update on business-meal deductions
Should you continue to deduct your client and prospect business-meal expenses in the face of recent changes in the tax laws? My answer is a resounding “YES!” Oh, I know. A while ago I wrote an issue of the Tax Reduction Letter titled “Yes, Tax Reform Did Kill Prospect And Client Meal Deductions.” This means you might reasonably wonder if I’m changing my tune. Not at all. … [Read more...]
Yes, Tax Reform Did Kill Prospect and Client Meal Deductions
Want to take a client or a business prospect to lunch at a trendy restaurant? Go right ahead and enjoy the meal. Just don’t expect Uncle Sam to help pay for it. You see, thanks to recent so-called business-friendly tax reform, you can no longer deduct business meals. Those write-offs are dead and gone. Oh. I know. Some continuing education courses teach that business … [Read more...]