Category: Newsletters

To be deductible, business expenses must be both ordinary and necessary. An ordinary expense is one that is common and accepted in your field of business. A necessary expense is one that's helpful and appropriate Read More

Employers have many reasons to monitor employee communications from time to time to keep you out of legal trouble or to protect the integrity of your business. For example, if any kind of illegal discrimination Read More

Feeling the urge to purge? April 18, 2017, is the deadline for individuals and C corporations to file their federal income tax returns for 2016 (or to file for an extension). Before you clear your Read More

This is one of those Believe It or Not stories: Years ago, a charity generated solicitation letters from a computerized donor database. One letter addressed to a state Humane Society stated: "Dear Miss Society." Whoops! Read More

Simplified Employee Pensions (SEPs) are stripped-down retirement plans intended for self-employed individuals and small businesses. If you don't already have a tax-favored retirement plan set up for your business, consider establishing a SEP — plus, Read More

It's a lot more efficient to retain good employees than to find and hire new ones. The Society for Human Resource Management (SHRM) recently asked its members how they are adapting their employee benefit programs Read More

Did you know there's a stiff penalty if you fail to take timely distributions from your IRA? Once you turn age 70½, you must start taking required minimum distributions (RMDs) from your traditional IRAs, including Read More

If you own an unincorporated small business, you may be getting fed up with high self-employment (SE) tax bills. One way to lower your SE tax liability is to convert your business to an S Read More

Do your employees understand your company's compensation philosophy? That was a question posed to human resource managers in a recent WorldatWork survey, Compensation Programs and Practices. According to the survey, almost one in five employers Read More

It's not too late to take steps to significantly reduce your 2016 business income tax bill and lay the groundwork for tax savings in future years. Here's a summary of some of the most effective Read More