Blog

  • Be Sure Your Employee Travel Expense Reimbursements Will Pass Muster with IRS

    Does your business reimburse employees’ work-related travel expenses? If you do, you know that it can help you attract and retain employees. If you don’t, you might want to start, because changes under the Tax Cuts and Jobs Act (TCJA) make such reimbursements even more attractive to employees. Travel reimbursements also come with tax benefits,…

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  • Supervisor Promoted from Within Call for Special Care

    When a supervisory position opens up, your immediate reaction as an employer may be to post a job opening to the general public. But don’t underestimate the value, efficiency and cost savings of an internal hire from your nonmanager ranks. Although promoting from within isn’t always feasible, when it is, you’ll likely be boosting that…

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  • How to Reduce the Tax Risk of Using Independent Contractors

    Classifying a worker as an independent contractor frees a business from payroll tax liability and allows it to forgo providing overtime pay, unemployment compensation and other employee benefits. It also frees the business from responsibility for withholding income taxes and the worker’s share of payroll taxes. For these reasons, the federal government views misclassifying a…

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  • The Tax Deduction Ins and Outs of Donating Artwork to Charity

    If you’re charitably inclined and you collect art, appreciated artwork can make one of the best charitable gifts from a tax perspective. In general, donating appreciated property is doubly beneficial because you can both enjoy a valuable tax deduction and avoid the capital gains taxes you’d owe if you sold the property. The extra benefit…

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