Deduct bonuses first, and then pay them later

  • January 31, 2012

If your company uses the accrual method of accounting for tax purposes, you can deduct accrued year-end bonuses in the current year as long as they are paid within...

‘Voluntary’ training time: To pay or not?

  • January 27, 2012

Do you offer extra off-duty training for employees that, while technically voluntary, is strongly recommended? If training participants are hourly employees, chances are...

Beware hidden danger of class-action lawsuits

  • January 22, 2012

Managers may think it’s safe to underpay employees by having them work off the clock or shaving time off their overtime tab because no one has complained. But it...

Do I need to file 1099s?

  • January 20, 2012

You likely need to file 1099s if your business made payments of $600 or more to sole proprietors, freelancers, or independent contractors in a given year.

Charlie Munger’s one hour to himself

  • January 20, 2012

Charlie Munger, able partner of financier Warren Buffett, got frustrated early in his career because, as Buffett describes it, “he thought he was smarter than...

Doesn’t anybody use Lotus Notes anymore?

  • January 05, 2012

Question: "This time of year everyone is resolving to get a handle on their calendars—and make sure managers  know about competing priorities. My question:...

Top 7 reasons why the wrong people get hired

  • January 02, 2012

Nobody ever sets out to make a bad hire. But it happens, even to the best hiring managers. From managers' inadequate preparation to misguided hiring criteria to...