National Small Business Week was last week and this year’s theme was “Building a Better America through Entrepreneurship.” With that in mind, the IRS is urging business owners to take advantage of certain tax benefits and resources while there’s still time. The enhanced 100% business meals deduction (up from 50%) for meals purchased from a restaurant is for 2021 and 2022 only (other restrictions apply). Also, more business owners are working from home, and it may be easier to score a tax deduction for the business use of your home. You can use a simplified method or the regular method. Contact us to find out about other tax benefits you might qualify for, or click: https://bit.ly/3vFE6rU
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