News & Info

Good But Not That Easy To Do

By Jeff Matthews

In August 2018 the IRS “issued a private letter ruling allowing an unnamed employer to make 401(k) contributions on behalf of employees who are repaying their student loans, and although it doesn’t set a precedent for other employers, it’s an interesting development when it comes to fighting student loan...

Read More

Supreme Court landmark decision on Sales Tax

By Jeff Matthews

The Supreme Court has ruled that states can mandate that companies, previously outside their jurisdictions, must collect sales tax on all transactions to which sales tax applies. As a business, you may say, I am a manufacturer who sells to distributors, my customers purchase for resale....

Read More

Tax Law Changes That Will Impact Your Business

By Jeff Matthews

Some details may have gotten lost in the noise of the tax law change. Entertainment expense is no longer deductible. You will need to assess the value of your entertainment spending in light of the changed law. Meals, however, remain 50% deductible. If your business tracks these two expenses in a single expense...

Read More

Are Expense Reports Worth Auditing

By Jeff Matthews

Many payables functions spend considerable time verifying that all expenditures are documented with receipts. Is this a productive use of the payables function’s time? Major firms answer no. Many payables functions spend considerable time verifying that all expenditures are documented with receipts...

Read More