Blog Archives

Business Tax and Bad Debt

1/31/2018

When can you use bad debt to reduce business income? Even when you take the customer to court and you still don't get your money, there's a way to make lemonade from this lemon of a customer.

How to Hold Real Estate in Your IRA

1/31/2018

Real estate can be a great investment, and many people don't know they can also put property into their IRAs. However, they have to be careful: one small mistake and an IRA's tax advantages disappear.

The Advantages of Diversity Training

1/31/2018

You manage a culturally diverse and multigenerational workforce, and you believe that through diversity training, you'll be able to resolve minor incidents before they become bigger problems. A good start would be to review federal laws about preventing discrimination.

Know the Ins and Outs of Joint Tenancy

1/31/2018

Joint tenancy refers to a type of account that is owned by at least two people who have an equal right to the account's assets. In fact, they have survivorship rights in the event of the death of the other accountholder. So, if you are married and your spouse dies, you receive all the money or property you both own. What are the advantages and disadvantages?

Are You Giving Your Taxes Year-round Attention?

1/18/2018

Numerous tax experts agree that addressing your tax liability effectively requires planning throughout the year. Those business owners who reap the most benefits consider their taxes year-round, rather than waiting to focus on tax payments just a few weeks before the filing date.

The Ins and Outs of the Earned Income Tax Credit for 2018

1/18/2018

The EITC is a subsidy the federal government provides to those who work but earn very little. For 2018, the IRS has provided a table for income limits—numbers are up slightly from 2017. There are other changes, and important provisions, as well.

Surviving the Personal Tax Audit

1/18/2018

The IRS will assure you that you've been randomly selected for closer examination. You may feel totally unhinged, like you are entering Dante's Inferno. For one Manhattan man, the letter about the audit was the opening act of a five-month-long drama.

How to Prevent and Address Sexual Harassment in Your Company

1/18/2018

Allegations made about producer Harvey Weinstein engaging in years of rampant sexual harassment have focused people on the issue. This and other high-profile cases — in business and politics — have heightened awareness of the problem. At your firm, preparation in knowing what to do to respond to allegations is key to preventing them from happening. Employees and managers need to be effectively trained.

Gifts to Charity: Six Facts About Written Acknowledgments

1/3/2018

If you offer gifts or money to qualified organizations eligible to receive tax-deductible charitable contributions, you must do two things:

Have a bank record or written communication from the charity for any monetary contributions.
Get a written acknowledgment from the charity for any single donation of $250 or more.

Here are six things you should remember about donations and written acknowledgments:

Handling Employees Across State Lines

1/3/2018

Do you have employees who live in one state and work in another? You may run into this if:

Your company is located near a state border.
You have employees who travel to job sites in other states.
You have employees who work remotely.
You are expanding into new states.

<<Previous

Business Tax and Bad Debt

How to Hold Real Estate in Your IRA

The Advantages of Diversity Training

Know the Ins and Outs of Joint Tenancy

Are You Giving Your Taxes Year-round Attention?

The Ins and Outs of the Earned Income Tax Credit for 2018

Surviving the Personal Tax Audit

How to Prevent and Address Sexual Harassment in Your Company

Gifts to Charity: Six Facts About Written Acknowledgments

Handling Employees Across State Lines

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Newsletter articles are posted every 2 weeks.