Set up a company dependent care assistance plan. If you meet certain requirements, the IRS treats the first $5,000 in assistance paid to an employee as a tax-free fringe benefit.
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.
Got a long-standing beef about taxes? The IRS is encouraging business taxpayers to point out the flaws in the system.
Q. The political campaigns are heated up for 2008. Can I get a deduction if I make a contribution this year?
Due to the personal casualty loss limits, it’s unlikely that you will be able to deduct any repair costs if your spouse damages his or her car this winter. Start using the damaged car for business driving. Then you can claim a casualty loss for the car, even though your spouse was using it personally at the time.
In the Tax Relief and Health Care Act of 2006, Congress threw a bone to alternative minimum tax (AMT) victims who’ve been granted incentive stock options (ISOs). Crazy as it seems, you might think about retiring to truly benefit.
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
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” ...