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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.

More than 60% of employees are counting on a defined-benefit pension plan to fund retirement, even though they acknowledge that the system is moving away from that traditional savings system. Among workers whose employers have reduced their retirement benefits, nearly 40% say they haven’t done anything to pick up the slack. Your organization can help employees build their nest eggs. Here are six ways ...

With 76.5 million baby boomers in the workplace, the number of employees caring for elderly parents has spiked. And those caregivers need help.
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 ...

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

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. 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.