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.
A year-end bonus sounds like a good idea, but is it in the best interest for your employees and company?
Generally, club dues are not a deductible expense, but depending on the circumstances, a business meal at the club might be.
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.
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.
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.
If you stay at work late to meet a deadline and the company buys pizza for dinner, is this taxable? And to whom?
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.
A like-kind exchange, or 1031 exchange, is used to defer the capital gain on the exchange of business or investment property for the same kind of property.
There are plenty of business expenses that are deductible if they are not fully reimbursed by your employer. Recordkeeping for these expenses is important too.
