Small Business Tax Deduction Strategies

Section 179 vehicles should be a key part of your small business tax deduction strategies. Can Section 179 property fit in with your business tax strategies?

Let Business Management Daily help you get each and every rental property depreciation credit and business tax deduction you’re entitled to.

Page 122 of 164« First...102030...121122123...130140150...Last »

Q. I work for a nonprofit agency, and we plan to start using an agency credit card. But we also need a policy that covers who can use the card and when, plus some other things I haven’t thought of yet. What should the policy include? —M.M., Pennsylvania

Q. An employee has not returned our calls or come to work at our hotel for over a week. She has a set of office keys and owes money for laundry. Can I hold her check until she returns the keys or pays for her laundry? Alternatively, can I deduct the cost of replacing the keys and laundry from her last paycheck? —I.C., Maryland

Q. We want to start a policy that would deduct the cost of tools from employees' final paychecks if the tools aren't returned or if they're returned damaged. Can we legally do this? —M.P., Kansas

Q. As part of our new employees' noncompete contracts, we've started including a clause that requires employees to repay the company (through payroll deduction) for training costs if they quit or are fired within one year. Are we OK legally? —S.M., Kentucky

Q. Our company pays monthly bonuses to hourly employees based on the previous month's performance. When calculating overtime, should the bonus pay be included only for the weekly payroll that contains those bonuses, or does it change the overtime rate for other weekly pay periods, as well? —A.A., Tennessee

Q. We’ve started requiring employees to repay the company (through payroll deduction) for training costs if they quit or are fired within one year. Are we OK legally? —S.M., Kentucky

Q. We have about 15 employees, many of whom work part time. A former employee filed a charge of discrimination against the company under Title VII. We don't think our company is covered by Title VII because we don't have 15 workers scheduled to work in most weeks. Do you think the case could be dismissed with that argument? —R.B., Texas

Q. We plan to give gasoline gift cards to employees as incentives for picking up additional shifts. Are these cards taxable? Can we, the employer, simply pay the employee’s portion of the taxes? —T.M., Pennsylvania

Google is just eight years old, but it beat out a slew of old-timers last month to snag the No. 1 spot on Fortune magazine’s list of the “100 Best Companies to Work For” ...

Q. We direct-deposit the wages and salaries of most of our employees. Last week, two checks for the same pay period were deposited into an employee's account. Can we legally have the bank withdraw the extra funds from the employee's account? —M.F., California