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.
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.
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.
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?
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 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.
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.
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.
If you offer gifts or money to qualified organizations eligible to receive tax-deductible charitable contributions, you must do two things:
Do you have employees who live in one state and work in another? You may run into this if:
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