Most companies have some sort of policy for reimbursing an employee who travels on company business. Some companies also reimburse meal costs when an employee travels or works overtime. Recently, the IRS issued a plan under which a business can reimburse the cost of tools purchased by employees so that the reimbursements are not taxable to the employees.

 

 

 

Three court cases serve as reminders of the harsh consequences that ensue when you fail to observe the formalities of a family limited partnership (FLP).

 

 

 

Does your work force include alcohol abusers and illegal drug users? Most people in those categories do hold full-time jobs, according to a study by the Substance Abuse and Mental Health Services Administration.

 

 

 

Enforcement of the new "Red Flags Rule," which requires financial institutions and creditors to have identity theft prevention programs, begins June 1.

 

 

 

It's a tough time for securing grants. Government agencies, private foundations, corporations -- they want to see more than new services from the funds they award. They want results.

 

 

 

No doubt you will be preparing your medical practice for the significant changes anticipated as a result of passage of the healthcare reform act. But don't focus narrowly on only those aspects of the new law that affect your medical operations - significant though they may be. The new law also contains numerous provisions that affect the business aspects of your practice and your personal taxes as well.

 

 

 

If you plan to work in some capacity after retirement, you'll need to know how much you can earn before you begin to lose Social Security benefits. Once you reach your full retirement age, you can earn any amount of income without forfeiting a single dollar of Social Security.

 

 

 

Depreciation is complicated. It is probably one of the more difficult tax concepts for business owners to understand. The best approach is to try not to get bogged down with the technical rules and instead focus on the big picture. Tax depreciation need not be so intimidating. And it's important to your cash flow.

 

 

 

 

 

 

 

 

 

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