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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.

Frank Amodeo, head of Mirabilis Ventures in Orlando, has been indicted on 27 counts of conspiracy and fraud for allegedly stealing $182 million in payroll taxes from thousands of businesses across the state ...

Despite the economic gloom dominating the headlines, three new national salary surveys predict that U.S. employers will generally hold salary increases steady in 2009. The surveys show employers plan to award average pay increases at or near 3.8% next year, nearly identical to raises given in 2008 and 2007. But smart employers aren’t handing out 3.8% across the board ...

Sometimes, an employer needs to downsize its workforce for any number of reasons. Whatever the reason, document why you need to cut staff before you announce the layoffs. You don’t necessarily owe every affected employee an explanation—in advance—of why his or her job is being eliminated. But you will need a clear, coherent and rational explanation later if one of the employees sues ...

Q. We pay our workers every two weeks. How should we calculate overtime? ...

Q. I own some older EE bonds that will mature in a couple of years. Can I avoid income tax on the bonds by transferring them to a charitable trust?

Despite the economic gloom dominating the headlines, three new national salary surveys predict that U.S. employers will generally hold salary increases steady in 2009. The surveys predict that employers will award average pay increases at or near 3.8% next year, nearly identical to raises given during 2008 and 2007. But smart employers aren’t handing out 3.8% across the board ...
Q. I am looking for information on per diem deductions for merchant seamen. I know that U.S. Transportation Department tax laws govern them, but are they eligible for the same per diem rates as regular employees? J.S.C., via e-mail
The risk is real: Even if you draft airtight employment policies, an employee could sue you tomorrow ... and a jury may believe his story. That's why more companies are adding employment practices liability insurance (EPLI). Here's our primer on EPLI, including a list of questions the most important questions to ask when shopping for coverage.
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 ...