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Pay a Per Diem for Employee Business Travel

For high-cost areas within the continental United States, the new per-diem rate is $237, down $9 dollars from the previous rate. The rate includes $179 for lodging and $58 for meals and incidental expenses. For low-cost areas within the continental United States, the new rate is $152, an increase of $4 dollars—including $107 for lodging and

Actived: 8 days ago

URL: https://badermartin.com/pay-a-per-diem-for-employee-business-travel/

Personal Expenses Business Expenses. Can You Tell the

(8 days ago) Travel expenses—including food and lodging, entertainment, and gifts—when your work requires you to be away from your tax home for more than a day. Local transportation that involves travel between workplaces (The cost of commuting from home to work is not deductible.)

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Tax Deductibility of Meals + Entertainment Expenses

(6 days ago) Employee’s duties must require travel away from their tax home and include an overnight stay: Meals and entertainment in connection with business meetings of shareholders, employees, directors and agents: 50% for 2020 100% for 2021 and 2022 only: Must be provided by a restaurant: Meals included in charitable sports packages: 50% for 2020

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Life at Bader Martin

(7 days ago) In the summer months, you can opt for compressed workweeks and long, lazy, three-day weekends. And because we work from a single location and serve clients primarily in the Northwest, overnight travel is rarely necessary. Support for Charitable Work and Community Service

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Know the Tax Implications of Telecommuting to Work

(2 days ago) However, expenses for travel between one workplace and another are deductible. As a result, if your home office is your principal place of business for your employer, the costs of traveling between your home office and client sites or other workplaces associated with …

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The Tax Consequences of Selling a Home or Vacation Home

(1 days ago) Selling Your Primary Residence at a Gain. Generally, you can exclude up to $250,000 of gain from the sale of your primary residence—$500,000 if you're married and file a joint tax return. There are no age restrictions. To qualify, you must have owned your home and occupied it as your primary residence for two of the last five years—but not

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Buy or Get a Gift Card

(7 days ago) The new federal rules do not apply "where the end use is for business purposes, such as to pay for business travel expenses or office supplies," according to the Board. In addition, the rules do not affect any of the following types of cards: cards or other devices used exclusively for phone services.

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Child Entering College

(5 days ago) But start thinking, because the unexpected happens and preparation is essential. Imagine that your son or daughter lives away from home for college, a new job, even a gap-year of travel. Or perhaps still lives at home. Then imagine there’s a medical emergency. Maybe a bike or skateboard accident, a sports injury, or a more a serious illness.

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International Services Archives

(6 days ago) CPAs + Advisors 1000 Second Avenue 34th Floor Seattle WA ‍98104-1022 206.621.1900 ‍206.682.1874 FAX

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Prepared for the Cost of a College Education

(9 days ago) That doesn't include room and board, books, travel costs, a computer (or other future technology), and necessary supplies. As a result, the cost of a college education requires a bit of long-term planning. Fortunately, there are a variety of tax-advantaged savings plans and other financial strategies to help.

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Record Retention Guidelines, What to Save – Bader Martin

(2 days ago) Record Retention Guidelines for Businesses and Not-for-Profits. Employee benefits records, including life insurance benefits, dental benefits and garnishments. Vouchers for payments to vendors, contractors and employees, including allowances and reimbursements for travel and entertainment expenses of employees and officers.

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Bader Martin P.S. Audit. Tax. Advisory. Seattle CPA Firm

(Just Now) First class or charter travel Travel for companions Tax indemnification and gross-up payments Discretionary spending accounts Housing allowance or residence for personal use Payments for business use of personal residence Health or social club dues or initiation fees The individual received more than $150,000 of reportable compensation.

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Not-For-Profit Best Practices When Offering Competitive

(Just Now) Individual Penalty. The person receiving the excessive compensation can be charged a 25 percent excise tax levied on the amount of each excess-benefit transaction. If the person does not return the excess benefit to your organization within a specified time period, there is an additional excise tax imposed at 200 percent of the excess benefit.

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Record Retention Guidelines

(2 days ago) reimbursements for travel and entertainment expenses of employees and officers . Retention Period of Ten Years . Canceled checks (Note the exception below, for which a permanent retention period applies) Contracts and leases that have expired . Insurance policies that have expired .

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Have Money in a 403(b) Plan

(Just Now) Twere well it were done quickly, Shakespeare once said. In other words, if you're going to do it, do it now. He could have been describing your 403(b) investments. If you work for a not-for-profit organization with a 403(b) retirement plan--for example, a public school, a college or university, a church, a charity, or a nonprofit hospital--you're facing an imminent deadline.

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Need an Advisory Board for Your Closely Held Business

(8 days ago) At a minimum, you should provide meals or snacks and beverages as appropriate for the meetings, and reimburse your board members for any out-of-area travel or other expenses. Many boards serve without compensation.

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Bader Martin P.S. Audit. Tax. Advisory. Seattle CPA Firm

(3 days ago) Travel Payments of travel or entertainment expenses for any federal, state, or local public officials Conferences, conventions, and meetings Interest Payments to affiliates Depreciation, depletion, and amortization Insurance Other Expenses: Insert Other Expense Total #1 #2 #3 #4

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Prepare for and Manage Your Retirement

(5 days ago) CPAs + Advisors 1000 Second Avenue 34th Floor Seattle WA ‍98104-1022 206.621.1900 ‍206.682.1874 FAX

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Disaster Relief Payments from Employers to

(1 days ago) By definition, a disaster is a bad thing. But sometimes, a small ray of light shines through. Without question, COVID-19 is a major disaster. The President declared it a national emergency on March 13 and, according to the IRS, that makes it a federally declared disaster for tax purposes.

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Record Retention Guidelines

(Just Now) reimbursements for travel and entertainment expenses of employees and officers . Bader Martin 3 Retention Period of Ten Years Canceled checks (Note the exception below, for which a permanent retention period applies) Contracts and leases that have expired

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