News & Insights: dannell r. lyne

Business Meals Temporarily Qualify for 100% Tax Deduction


By Dannell R. Lyne  |  August 17, 2021

Expenses for business related meals are currently deductible at a full 100% tax as a temporary measure intended to help the restaurant industry, which has suffered severe economic damage during the COVID-19 pandemic. 

How President Biden’s Tax Proposals Would Affect Individuals


By Dannell R. Lyne  |  July 28, 2021

The Biden administration’s proposed changes to the tax code would raise the top individual tax rate and taxes on certain capital gains, as well as minimize or eliminate some tax breaks utilized by high-net-worth taxpayers. These tax changes would fund proposed programs for low- and middle-income families.

How COVID-19 Is Affecting Your Exit Plan


By Dannell R. Lyne  |  May 14, 2020

For owners who are contemplating, planning or executing an exit plan, various factors must be considered to ensure an equitable deal is possible considering the current COVID-19 pandemic.

Succession Planning: Tax Considerations When Exiting Your Business


By Dannell R. Lyne  |  February 11, 2020

There comes a time when business owners begin to contemplate retirement and an exit from the company they own and/or are operating. It’s important to begin succession planning in advance, because how you approach exiting your business will produce different tax outcomes.