The Financial Insights eNewsletter is comprised of important and informative articles related to businesses, entrepreneurs and individuals. The articles cover a broad range of topics from retirement to new accounting laws and regulations.
The bill for dinner at the restaurant is presented, and you have graciously offered to pay. Should you use a credit card or a debit card? You may think that it does not matter, but there are some important differences.
Some small businesses are facing a big problem: security issues. In today’s fragile economy, losses sustained due to nonexistent or inadequate security measures could severely damage a small company and even jeopardize its very existence. Fortunately, taking action now to shore up your business security may provide sufficient protection for the future. Here are five steps for business managers to follow:
Responding to a loud public outcry, Congress has repealed tough new 1099 reporting requirements for businesses that were supposed to take effect in 2012. The new federal legislation, called the “Comprehensive 1099 Taxpayer Protection and Replacement of Exchange Subsidy Overpayments Act of 2011,” was signed into law by the president on April 14, 2011.
Typical scenario: One of your valued employees informs you, completely out of the blue, that he or she is leaving for greener pastures. The employee has accepted a job offer from out of state and will be leaving in a short time. It is left to you and the rest of your staff to pick up the pieces.
Earlier this year, an incident involving a major-league baseball player taking time off from “the job” after the birth of his son triggered a national debate.
For years, the passive activity loss (PAL) rules have plagued real estate investors who prefer to sit on the sidelines.
Under the “midyear convention,” business assets placed in service during the year are treated as being placed in service on July 1 for depreciation deduction purposes.
There is more to look forward to than just senior citizen discounts as you approach the end of your working career.
The IRS is encouraging taxpayers who have been hiding assets in foreign accounts to step forward and pay their fair share of U.S. taxes.
When you make a donation to a qualified charitable organization, you probably think you can write off the full amount of the contribution, no questions asked.