Month: October 2016

IRS Publishes Travel Per Diem Rates for Fiscal Year 2017

Tired of preparing all the documentation needed to support business travel expenses? If your business reimburses employees for actual travel expenses, employees are required to collect receipts as they travel, noting the time, place and business purpose of each expenditure. Then, monthly expense reports must be reviewed and approved by management. Processing delays sometimes happen if […]

Posted In: Business, Tax Advisor

Spotlight on Gains from Qualified Small Business Stock

Whether you’re thinking about starting your own business or investing in a start-up, there’s an exciting tax break that could sweeten the deal: Gains from selling qualified small business stock (QSBS) that you acquire on or after September 28, 2010, are potentially eligible for a 0% federal income tax rate. Tax-Free Rollovers of QSBS In addition […]

Posted In: Business, Tax Advisor

Increase Your Chances of Success

If you want your business to grow and remain competitive, a solid financial plan and a well-conceived strategy can mean the difference between boom and bust. The obvious place to start is with a cash-flow analysis. Review your company’s cash flow statements to understand the cycle of inflows and outflows that stem from The Elements of […]

Posted In: Business

Seven Strategies for Better Results With Employees

Successful managers and supervisors know how and when to be assertive. They communicate their needs in a way that earns them respect and gets results. Let’s say you need a budgeting project done by Friday. Here are seven strategies to help improve your assertiveness skills so you can get more done: 1. Choose the Right Time. Managers often […]

Posted In: Business, Employees

Make Sure Your Business Doesn’t Become a Continuing Daytime Drama

Creating a workforce out of familyand close friends has its advantages. Most businesses that hire family members do so to provide business continuation and reduce overhead, as well as provide jobs and experience for loved ones. Presumably, you wouldn’t hire relatives if you didn’t already think that you could get along with them. But in […]

Posted In: Business

How to Make the Most of Medical Expense Deductions

With the ever-increasing cost of health insurance and medical care, you should be vigilant in finding ways to claim tax breaks related to health care. Unfortunately, that’s now harder than before because a change included in the Affordable Care Act (ACA) increased the income-based threshold for deducting itemized medical expenses. However, some seniors have been […]

Posted In: Business, Tax Deductions

Your Company May Benefit from a PTO Bank

WorldatWork, the HR professional society, has been surveying its members for over a decade on this topic. In its most recent “Paid Time off Programs and Practices” report, within some demographic groups, a majority of employers now merge those paid time off (PTO) components. That creates a “combined bucket of available days to be used by […]

Posted In: Business, Employees

Start of the New Federal Overtime Rule Faces Opposition

The U.S. House of Representatives passed and sent to the Senate a bill that would delay the start of new federal overtime pay rules from December 1, 2016 to June 1, 2017. However, President Obama has indicated he will veto the bill if it hits his desk. The House bill was introduced shortly after officials […]

Posted In: Business, Employees

Make Your Mission Statement More Than a Wall Ornament

Many companies spend a lot of time and money creating mission statements to highlight their products and services and align employees around a common vision. But the fact is that many mission statements fail, becoming nothing more than a wall ornament or a bunch of words tucked into a seldom-read company handbook. Six Items to Include […]

Posted In: Business

How Consumer Protection Laws Affect Your Business

In the “good old days,” owners of honestly-run businesses had little reason to fear. “Caveat emptor,” or let the buyer beware, was the norm. Contract laws, particularly those involving warranties, provided consumers with the ability to sue under some circumstances, but it was relatively easy for companies to avoid the long arm of the law. How […]

Posted In: Business

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