Jennifer graduated from Purdue University with a Bachelor of Science degree in accounting in 1986. Before joining Baker Milligan in 2008, Jennifer worked in Indianapolis, then Lafayette at public accounting firms specializing in corporate audit and tax preparation. Jennifer and her husband, Lonnie, have been married since 1986 and are raising four sons; Carson, Aaron, Ryan and Dylan. The three older sons are all attending Purdue University, two studying Engineering and the other, Chemistry. She enjoys reading, skiing, and spending time with her family.
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For many business owners, September tends to bring a bit of a slowdown. The chaos of getting kids prepared for going back to school has passed, and a focus on saving money tends to kick in as people prepare for the coming holiday spend. Combined, this can often translate into a lull for business owners.
This is a friendly reminder that the Q3 tax estimate payment deadline is coming up fast. Be sure to make your payment by September 15, 2018 to avoid penalties. Currently, penalties for late or no payment average about 4 percent. And wouldn’t you rather keep that money in your pocket?
According to new rules from the Tax Cuts & Jobs Act, meals and entertainment tax-deductible expenses for businesses have undergone considerable reform. Because the explanations of new deduction guidelines can be confusing, we’ve created this brief outline for you. A visit with your accounting professional to ensure your Chart of Accounts is correct may also be beneficial.