There’s danger in every aspect of firing, from WARN Act layoffs and exit interviews to constructive discharge and more.
Learn how to fire an employee and sidestep wrongful termination lawsuits, with battle-tested firing procedures, and employment termination letters. At last, you can fire at will!
If you use (or plan to use) Section 529 college savings plans, take note: A few small changes buried in a new law could help you save even more in those tax-advantaged college-savings vehicles.
Sadly, the bonus depreciation rules have expired. That means you’re stuck with regular depreciation deductions under the Modified Accelerated Cost Recovery System (MACRS), which requires you to write off business equipment over several years. Don’t despair. You still have the Section 179 deduction privilege on your side. And, when used correctly, this not-so-secret tax weapon can help you rescue big current-year write-offs … at least for now.
It's hard, but necessary, to terminate employees who commit misdeeds or who just aren't performing, because they keep everyone else from performing as well. But it's equally necessary to make sure that you approach each potential termination systematically and fairly, to stay out of legal danger.
A great deal of confusion still swirls around one question: Which payments are covered by the new deferred-compensation rules described above.
It would have been easy for helicopter pilot Hugh Thompson Jr. to fly away from the scene of carnage. But he and his crew—appalled when they came upon their fellow U.S.
troops killing civilians in the Vietnamese village of My Lai— landed
their helicopter between the shooting soldiers and fleeing villagers,
pointed their guns at the Americans and told them to stop firing.
When William Nuti left his job as Cisco Systems’ senior vice president
in 2002 to take the helm of Symbol Technologies, board members warned
him that he’d be facing “issues.” But it was much worse than that.
Sadly, the bonus depreciation rules have expired. That means you’re stuck with regular depreciation deductions under the Modified Accelerated Cost Recovery System (MACRS), which requires you to write off business equipment over several years. Don’t despair.
Can I roll over certain severance and a 401(k) into an IRA?
My job was eliminated as of Dec. 31,
so I’ve decided to retire. I’m over 60 and have a 401(k).I’m also entitled to
receive lump-sum severance and a deferred bonus in January. Can I roll over those
payments to an IRA?
Even after years of making tough decisions, New York Jets head coach
Herman Edwards still finds cutting players from the team one of his
most difficult responsibilities. Edwards—who played in the NFL for 10 years before entering the coaching
ranks—learned a lesson years back, when he was cut from the