Hardwick and Company PA

05/21/2026

Break room coffee, drinks and snacks and certain employer provided meals are non-deductible for 2026 and going forward.

This change stems from the Tax Cuts and Jobs Act (TCJA) of 2017, which added IRC Section 274(o). It phases out deductions for certain meals, with the full disallowance (0% deductible) taking effect for expenses paid or incurred after December 31, 2025. 

What This Applies To
• Meals provided on the employer’s business premises for the convenience of the employer (e.g., to keep employees on-site, during overtime, or for productivity). 
• Expenses for employer-operated eating facilities (e.g., company cafeterias or subsidized on-site dining), including related food, beverages, and sometimes operational costs. 
• Many items previously treated as de minimis fringe benefits (e.g., office snacks, pantry items, or occasional free meals). 
Through 2025, these were generally 50% deductible. From 2026 onward, they drop to 0% (nondeductible), even if they remain excludable from employees’ taxable income under Section 119 (convenience of the employer) or as de minimis fringes.

04/14/2026

Tax relief is extended to ALL 82 counties. The Internal Revenue Service announced today tax relief for individuals and businesses in Mississippi affected by the severe winter storm that began on Jan. 23, 2026. These taxpayers now have until June 8, 2026, to file various federal individual and business tax returns and make tax payments.

Following the disaster declaration issued by the Federal Emergency Management Agency (FEMA), individuals and households that reside or have a business in Mississippi qualify for tax relief. The declaration permits the IRS to postpone certain tax-filing and tax-payment deadlines for taxpayers who reside or have a business in the disaster area. For instance, for certain deadlines falling on or after Jan. 23, 2026, and on or before June 8, 2026, taxpayers are granted additional time to file.

As a result, affected individuals and businesses will have until June 8, 2026, to file returns and pay any taxes that were originally due during this period.

The June 8, 2026, deadline applies to individual income tax returns and payments normally due on or after Jan. 23, 2026. Penalties on payroll and excise tax deposits due on or after Jan. 23, 2026, and before Feb. 9, 2026, will be abated as long as the tax deposits are made by Feb. 9, 2026.

The June 8, 2026, deadline also applies to affected quarterly payroll and certain excise tax returns normally due on Feb. 2, 2026, and April 30, 2026.

Click Here for Full Details: https://shorturl.at/s7Lz6

REMINDER: Extensions should be filed electronically by April 15 to ensure the October 15 deadline is covered. Since you cannot extend electronically after tomorrow, paper extensions can be mailed by June 8 to cover to October 15 if necessary.

We are still waiting on MDOR’s response. Stay tuned.

04/04/2026

The reminds retirees who turned 73 in 2025 that they may need to take their first retirement plan required minimum distribution by April 1, 2026. Find out more: IRS.gov/RMD

03/28/2026

Trump Accounts provide eligible American children with tax-advantaged investment accounts courtesy of President Donald J. Trump.

02/12/2026

Winter Storm Fern Recovery Assistance from MS Forestry Commission

01/30/2026

ATTENTION EMPLOYERS: Reminder of important due dates: ​​

- W-2s are due to employees by February 2​​

- Paper and electronic W-2s are due to the Department of Revenue (DOR) by February 2​​

- Any employer that files more than 10 W2s/1099s must file electronically​​

- Paper 1099s (less than 10) and electronic 1099s are due to DOR by March 2​​

>> Read more here: https://www.dor.ms.gov/business/withholding-tax

01/30/2026

01/30/2026

Our office hours will be 10 AM to 3 PM today January 30

01/29/2026

Our office will open at 11am today Jan 29th

01/28/2026

Our office is open today until 4pm

01/26/2026

Our office will be closed Jan 26th due to inclement weather.