NSAC Happenings and Latest News - Page 67
The Business Meal Expense Deduction After the TCJA
Some taxpayers have wondered whether client-related business meal expenses remain deductible after the law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, which generally repealed the deduction for entertainment expenses.One reading of current law is that because business meals are a form of entertainment, they are no longer deductible. Notably, the Joint Committee on Taxation in its Bluebook for the TCJA indicated that business meals ...
Read More8 Expressions Never to Use When Answering a Question
Fielding questions is a crucial communication skill. It’s important for job interviews, chats with your boss, dealing with clients, and virtually every workplace situation. But too often we sabotage ourselves by opening our answer with meaningless words. Sometimes we utter these expressions to give ourselves time to think. Other times, we resort to these terms because we’re afraid to pause. These empty expressions are often spoken ...
Read MoreHow Anxiety Traps Us, and How We Can Break Free
Zulfi, a coaching client of mine, is the envy of many of his peers. As the general manager of a large, successful business, his work is one of the CEO’s core priorities. He does good work and is well-loved by his team. But Zulfi has a secret. He suffers from anxiety. It keeps him up at night, impacts his health, and takes a lot of time and energy to manage. When people praise Zulfi’s poise during a major customer presentation, ...
Read MoreNSAC Tax Committee: Qualified Payment Letter to IRS 12-20-2019
December 20, 2019CC:PA:LPD:PR (REG-118425-18)Room 5203Internal Revenue ServiceP.O. Box 7604Ben Franklin StationWashington, DC 20044 Dear Sirs and Madams: The National Society of Accountants for Cooperatives (NSAC) is a professional society comprised of accountants who are actively involved with the financial management and planning of cooperative businesses. NSAC members are either employed by cooperatives or provide professional ...
Read MoreHow to Handle an Office Know-It-All
Know-it-alls get that title because they are usually right. They are smart and do their homework, and they are happy to flaunt their wisdom in front of anyone who will listen. They may act with an air of superiority that can make others feel incredibly angry and uncomfortable. Most do not enjoy hanging around an office know-it-all. Still, when we share office space with this individual, it is impossible and impractical to avoid him or ...
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