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The Tax Cuts and Jobs Act of 2017 significantly changed the rules related to the deductibility of meal and entertainment expenses. Generally, business entertainment expenses (not including food and beverage…

The Tax Cuts and Jobs Act, passed in December 2017, enacted a new tax code section, IRC 199A, which gives certain businesses a 20% deduction against their qualified business income….

and the bus ride was almost as fun as the actual game. Some of us ended up watching very little of the game and spent time chatting, eating, and exploring…

On January 29, 2019, PG&E Corporation and its primary operating subsidiary, Pacific Gas and Electric Company (together “PG&E” or the “Debtors”), filed voluntary Chapter 11 petitions in the United States…

After years of deliberation, the new revenue recognition standard is finally here.  The standard has been met with much criticism, concern, and confusion within the construction industry.  The interpretations and…

We at BFBA have been busy studying hundreds of pages of new law and newly issued regulations.  As tax season gets closer we are fielding more and more questions about…

For me, I joined BFBA immediately after graduating from CSUS. I was assigned a Buddy and a Mentor, but I wasn’t too sure what that meant. I realized how thankful…

If you use your car 100% of the time for business, you can deduct all the costs related to operating the vehicle, subject to limits.  However, if you use your…