5.31.19
Conflicts of Interest: When Employees Aren’t on Your Side
One of the governing principles of the employee/employer relationship is that employees have a fiduciary duty to act in their employer’s interests. An employee’s undisclosed…
5.31.19
IRS Updates Rules for Personal Use of Employer-Provided Vehicles
The IRS recently announced the inflation-adjusted maximum value of an employer-provided vehicle under the vehicle cents-per-mile rule and the fleet-average value rule. Employers can use…
5.31.19
Hire Your Children This Summer: Everyone Wins
If you’re a business owner and you hire your children (or grandchildren) this summer, you can obtain tax breaks and other nontax benefits. The kids…
5.21.19
Hoping to Avoid Implementation of the New Revenue Recognition Standard?
Effective for 2019 calendar year end reporting, private company revenue recognition practices for contracts with customers (Topic 606) under accounting standards generally accepted in the…
5.17.19
How to Spot Influencer Fraud
To increase brand awareness and influence consumer behavior, businesses of all sizes spend vast amounts on social media marketing. Social media “influencers” can help companies…
5.17.19
Consider a Roth 401(k) Plan — and Make Sure Employees Use It
Roth 401(k) accounts have been around for 13 years now. Studies show that more employers are offering them each year. A recent study by the…
5.17.19
Payroll Procedures for Commissioned Employees
Commission is a sum of money an employee receives for performing a certain task. This sum is typically a percentage of sales made. While some…
5.13.19
Can Contractors Claim R&D Benefits
Of particular relevance to contractors is the research and development tax credit, which is a tax incentive program. Also known as the research and experimentation…
5.7.19
Should You Be Worried About an IRS Audit?
Now that you’ve likely filed your 2018 tax return, one troubling afterthought may come to mind: Could I get audited? The mere notion strikes fear…
5.7.19
Send Your Kids to Day Camp and You May Get a Tax Break
Among the many great challenges of parenthood is what to do with your kids when school lets out. Do you keep them at home and…