Tax Fraud Awareness: How to Protect Your Identity and Assets

The IRS, taxpayers and tax preparers share a common enemy: identity thieves. We all have a part to play in the fight against tax-related identity theft. Your role starts by learning the mechanics and warning signs. From there, taxpayers can take proactive steps to protect their data online and at home. IRS Creates Security Summit Group […]

Posted In: Fraud

Cures Act Approves HRAs for Small Employers

On December 13, 2016, President Obama signed into law the 21st Century Cures Act. In addition to funding medical research, accelerating cutting-edge treatments for rare diseases and adding significant reforms to the mental health system, the new legislation allows small employers to provide standalone Health Reimbursement Arrangements (HRAs) to employees without paying penalties imposed by the […]

Posted In: Healthcare, Healthcare Law

Employ Joint Tax Liability for Leased Employees

A company can use workers provided through an employee leasing company or professional employer organization (PEO) to save money on benefits such as health and life insurance, as well as administrative costs. Employee Leasing Versus Traditional Staffing Services With an employee leasing firm or PEO, companies outsource the management of duties, including human resources, employee benefits, payroll and workers’ […]

Posted In: Tax Advisor, Tax Deductions, Tax Filing

Free Speech Limits in the Workplace

Employees who make comments and express opinions that irritate, offend or anger their colleagues are a major source of workplace conflict. The same is true of employees who argue with supervisors, using inflammatory or profane language. When employees who express themselves in these ways are told to stop, they often respond: “I have a right to […]

Posted In: Business

Long-Term Care Insurance Can Be a Tax-Free Perk

As the Baby Boom generation continues to age, there is an increasing interest in insurance to pay some of the high costs involved in staying in a long-term care facility. Your family business can provide group coverage for yourself and your employees. If you are interested in long term care insurance, it can be worthwhile to obtain […]

Posted In: Business

Debt or Equity? New Guidance Helps You Decide

Corporations can generally deduct interest on debts for federal tax purposes. A valid obligation exists if the parties intended to create a debt, and the debt is enforceable and unconditional. In contrast, a capital contribution is a direct or indirect contribution of cash or other property to the capital of a business entity. Generally, a contribution […]

Posted In: Tax Advisor, Tax Deductions, Tax Filing

The Joint Committee on Taxation (JCT) is a nonpartisan Congressional committee that, among other things, assists in the analysis and drafting of proposed federal tax legislation and prepares reports that interpret newly enacted federal tax legislation. The JCT recently issued the Overview of the Federal Tax System as in Effect for 2016. Here are the details of […]

Posted In: Business, Tax Advisor, Tax Deductions, Tax Filing

Customer Service: Seven Ways to Lose Business

Everyone has experienced bad customer service at some time. Perhaps you’ve encountered a rude store clerk, a curt receptionist or an apathetic customer service representative. You could probably offer advice to these people on how to shape up their attitudes. The situation takes on new meaning when it’s your clients or customers that are being snubbed. And remember, […]

Posted In: Business

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