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.
In a recent survey, nearly a third of HR professionals said they know at least one employee who quit in the past year because the high price of gas made the commute too expensive. Rather than watch those employees jump ship for jobs closer to home, some employers are actively addressing the driving dilemma ...
Q. We’re in the middle of a U.S. Department of Labor audit. Investigators are looking at payroll records for the past two years. Now they want the names, addresses, phone numbers and positions of all employees who left within the past two years. Do they have the right to this information? Can they go back two years? — D.G., Rhode Island ...
Government agencies that employ fewer than five people in fire protection or law enforcement aren’t required to pay those employees overtime. A common problem is that many small public agencies rely on volunteers to perform firefighting and law enforcement duties. If that’s true at your agency, make absolutely sure those “volunteers” meet the volunteer test ...
Nearly a third of HR pros in a recent survey reported knowing at least one employee who quit in the past year because the high price of gas made the commute too expensive. Some organizations are addressing the driving dilemma—and revving up their retention programs—by pushing telework and shorter workweeks. But other employers take an even more direct approach: paying for employees’ gas ...
Are you upgrading your company’s computer software or acquiring new software to meet your particular needs?
Under the North Carolina unemployment insurance tax law, employers pay a quarterly tax based on a percentage of their payroll. Most newly liable or startup employers are assigned the standard beginning tax rate of 1.2%. Problems can arise when an employer is not truly a “startup” or when two employers combine by merger or other acquisition forms ...
The tax rules were changed a few years back to limit deductions for gifts of vehicles to charities. That’s the bad news. But here’s the good news: You can still claim top-dollar deductions if you handle things right.
The IRS will soon issue detailed guidance on the new 50% “bonus depreciation” deductions for business assets. (IRS News Release IR-2008-58)
A new housing stimulus bill is working its way through Congress.
Q. In a recent issue, you said that a special tax rule allows a business to deduct $25,000 for an SUV. Is that right?
