More about Ben Theuninck
Ben is a trusted professional advisor providing tax, accounting, assurance and consulting services to the construction industry. As a tax principal in the Minneapolis, MN office of CLA he helps construction company's and their owners navigate industry challenges and complex tax legislation. He gained experience with 2 regional firms and a sole proprietor for 19 years prior to rejoining CLA in 2016. Ben serves as National Construction Tax Leader for CLA and is a member of the CLA Construction Strategic Leadership Team.
Blog Posts by Ben Theuninck:
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A Savory Win For Contractors – Meals Per Diems Now 100% Deductible
Since January 1, 2021, the tax law allows a temporary exception to the commonly known 50% deduction for business meals, so long as the meal is provided by a restaurant. Foods purchased from a grocery or convenience store remain 50% deductible, but meals from restaurants are temporarily 100% deductible. Recordkeeping for meals gets cumbersome, so contractors often pay per diem allowances to traveling employees, following IRS established rates. Per diem payments conveniently avoid accumulating receipts, while still satisfying the IRS’s preference […]
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BUILD BACK BETTER ACT – The Latest
A modified version of the Build Back Better Act includes numerous changes to the tax-related provisions of the bill. Much anticipated individual, corporate, and capital gains rate increases have surprisingly been largely removed from the draft legislation. Here is a recap of some of what’s in and what’s out among the most recent changes: Individual […]
