If you’re buried in paperwork, alert your employees not to copy you in on everything. Tell them you will ask for information if you need it. Also have employees send “summary updates” about a range of projects on one sheet of paper—or one short e-mail. This will reduce your clutter while enabling you to follow up.
Thousands of employers have been snared in the IRS's all-out initiative to increase employment-tax audits—its first such initiative in 25 years. A main target: the tax treatment and reporting of employee fringe benefits....Click here to find out more.