Withholding Federal and State Tax For Employees
Withholding is the method the government developed to help Americans prepay their tax bills.
Business Automobiles—Lease vs. Buy
If your business needs an automobile, you need to consider the tax consequences of buying or leasing the vehicle.
Employee Stock Purchase Plans (ESPP)
An employee stock purchase plan (ESPP) is a plan that allows a company to compensate a broad group of employees with options to buy the company’s stock at a specified price, usually at a discount. Many large companies use these plans as an employment incentive, giving employees an opportunity to share in the growth potential of the company’s stock. Generally, the employee is not taxed at the time the stock is purchased.
Bonus Plans
A year-end bonus sounds like a good idea, but is it in the best interest for your employees and company?
Club Dues and Meal and Entertainment Expenses—Some are Deductible, Many are Not
Generally, club dues are not a deductible expense, but depending on the circumstances, a business meal at the club might be.
Do I Need a Consultant?
If you have a business, you are likely not an expert at all facets of running your business. A consultant can be hired to lead you in areas that are not your expertise.
What is Consulting?
Consulting can help a business by examining existing problems, developing solutions and identifying best practices. Consulting can also be targeted to one segment of the business like taxes or information technology.
Will it Really Take 39 Years to Deduct the Cost of Your Commercial Building?
If you do not want to wait 39 years to deduct the cost of your commercial building, a cost segregation study can classify some elements as personal property.
Employer Provided Meals—Are They Taxable?
If you stay at work late to meet a deadline and the company buys pizza for dinner, is this taxable? And to whom?
Employee and Employer Fringe Benefits
Fringe benefits are one of the overlooked benefits when considering a new job. These might garner you a discount on merchandise or services, or earn you points and rewards that you can use personally.