Entertainment expenses are no longer deductible. You’ll have to decide whether you prefer that your employee entertain clients. But you’ll have to reimburse the employee without being able to write it off. If, for example, your employee entertains clients at a concert or sports event, the p...
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Savings Incentive Match Plan for Employees (SIMPLE) and Simplified Employee Pension IRAs.The contribution limit for SIMPLE IRAs increased to $13,500 from $13,000. The SIMPLE catch-up contribution limit for those over age 50 remains at $3,000. The SEP maximum compensation limit increased to $2...