Tax Navigation by PaperWerks
Meals vs. Entertainment: What’s Deductible (and What’s Not) for Business Owners
by: John B Love IIIPublished on: 26/02/2026A practical guide to identifying nondeductible entertainment expenses and deductible business meal expenses, including the 50% limit, “separately stated” meal rules at entertainment events, common exceptions, and documentation tips.
Small Business Recordkeeping: What to Keep (and How Long to Keep It)
by: John B Love IIIPublished on: 24/02/2026A practical guide for small business owners on what tax records to keep, which supporting documents matter most, and how long to retain records based on IRS statute of limitations rules—including special cases for payroll and business assets.
Schedule C Recordkeeping Requirements: The Simple System That Saves You at Tax Time
by: John B Love IIIPublished on: 19/02/2026Schedule C recordkeeping isn’t just for the IRS—it helps you track business progress, create financial statements, capture deductions, prepare accurate tax returns, and support what you report if you’re ever examined.
Business Use of Home Deduction: Who Qualifies + Regular vs. Simplified Method (2025 Guide)
by: John B Love IIIPublished on: 17/02/2026A clear guide to the IRS business use of home deduction, including qualification rules (exclusive and regular use), the regular method vs. simplified method, deduction limits, carryovers, and why employees generally can’t claim the deduction.
