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.

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Q. We require employees to wear uniforms. Can we deduct from their paychecks the money to pay for the uniform or clean it? —L.B., Massachusetts

State Rep. Linda Bebko-Jones (D-Erie) has proposed a 10 percent payroll tax on businesses and a 3 percent personal income tax to provide universal health care coverage to Pennsylvanians. State Sen. Jim Ferlo, (D-Allegheny) proposed a companion bill earlier in the session ...

Q. An employee we hired a couple weeks ago through a temporary agency (he is on their payroll) has just told us that he is Muslim and can't work on Fridays. During the interview, he was asked whether anything would prohibit his working a proposed schedule that specifically included Fridays for the next 30 days. He said no, and this is in writing. He did not mention this problem until he had already been working for a week or two. Can we let this guy go? —M.R., South Carolina

With the Pennsylvania economy doing well and unemployment down, the commonwealth has decided to reduce the amount that employers will have to pay into the unemployment compensation (UC) system in 2007. UC taxes on employers will decline by an estimated $158 million ...

Gov. Jon Corzine recently signed a bill that limits the amount of money that temporary service agencies can withhold from temps’ paychecks ...

Q. About a year ago, our company replaced manual time clocks and punch cards with a computerized system, so each employee would punch in and out on the computer. The information is downloaded directly to the payroll department. Despite numerous reminders, from stickers to manager meetings, we still have a chronic problem of employees failing to clock in or out of work. Any suggestions? —M.M., Minnesota

Your company has employment practices liability insurance (EPLI), so it's covered in case of any employee lawsuit, right? Not so fast. The fine print in an EPLI policy can turn an apparently strong lawsuit shield into a worthless piece of paper ...

Q. Some of our employees routinely ask to use FMLA when they are five, 10 or 15 minutes late. It creates a scheduling nightmare and hurts morale. Does FMLA cover employees who are consistently tardy for work? —M.P., Florida

Employers used to train their workers to prepare for upcoming promotions. Nowadays, more companies invest time and resources in full-scale succession planning for their high-potential employees ...

Q. One of our employees recently got married. She’s informally going by her new last name, but she hasn’t changed her name on her Social Security card to her married name and doesn’t plan to. We submit all payroll information using her maiden name. Do we face any liability? —L.K., Missouri

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