Tied Down to Your 401(k) Plans Cost? Discover the Alternatives
Are you worried about your company becoming hemmed in by funding obligations to your 401(k) plan? There might be a way to give yourself much more flexibility and avoid being forced into a cash squeeze. Here's how it could work.
Consider a Returnship Program as a Source of Untapped Business Talent
Not a gambler when it comes to hiring? The decade-old "returnship" concept is gathering steam in this low-unemployment environment. This might be a useful tool to hedge your bets when bringing on one type of new employee: Someone who has been out of the workforce for a few years.
Passive Job Candidates Can Be a Great Catch
When you see positive news, such as a recent Wall Street Journal headline proclaiming that the jobless rate had fallen to a half-century low, you might suspect there could be a downside. Indeed, there is: recruiting new employees won't likely be easy. Now's the time to gear up to hook "passive" job candidates and reel them in carefully. Here are some timely fishing tips.
FAQs about Home Office Deductions
Many taxpayers are unclear about the rules for deducting home office expenses under current tax law. While employees may no longer deduct unreimbursed business expenses through 2026, many self-employed individuals still may be eligible for a home office deduction. Here are the rules under the Tax Cuts and Jobs Act, including a few tricks to help you maximize your deduction.
Hiring Seasonal Workers
Seasonal businesses often need extra help during crunch time. But it's important not to cut corners on the vetting process when hiring seasonal workers. If year end is your company's busy season and you're scrambling to fill slots, here are some timely tips to help your HR department avoid potential pitfalls.
Make Your Holiday Party a Smashing, but Safe, Success
If you're planning a holiday party for your staff as the year winds down, you're in good company. But not every employer pulls out all the stops due to cost considerations and a host of liability concerns. Assuming there's a party in the works, how do you strike a balance between a blowout event and a staid and stuffy one?
Spotlight on M&A: Why Buyers Love Asset Purchase Deals
In general, buyers prefer to structure business acquisitions as asset purchases rather than as purchases of stock or other ownership interests. The Tax Cuts and Jobs Act (TCJA) makes business asset purchases even more appealing. But the tax benefits might not last, depending on the results of the 2020 elections. Here's what potential buyers should know.
Estate Planning Isnt Just for the Rich and Famous
Many people forgo estate planning if their net worth is below the unified federal estate and gift tax exemption. That amount has been significantly increased through 2025 under the Tax Cuts and Jobs Act. But changes could be coming even sooner than 2026, depending on the results of next year's elections. For this reason and many others you may want to take steps before year end to protect your assets and your loved ones.
FAQs About Self-Employment Tax
The 15.3% self-employment (SE) tax applies to individuals who engage in a trade or business. That refers to activities conducted with continuity and regularity and with a profit motive. Income from activities that don't meet this standard may be SE-tax-exempt but there are some gray areas. Here's what you need to know to possibly avoid the SE tax hit.
The Gender Pay Gap: How Does Your Company Measure Up?
Unfortunately, women are often paid less than men for performing similar work. Discrimination isn't always the reason sometimes, women have less training or experience. This article explains how to evaluate your company's pay structure, as well as its hiring and professional development practices, to prevent discrimination claims and create a positive work environment for all workers.
What Employers Should Know about HSAs
Health Savings Accounts (HSAs) have become a popular employee benefits option. Are they right for your business? HSAs offer tax advantages to employers and employees and they allow employees to build up a tax-favored medical expense reserve for when they're older. Here's information to help you decide whether to jump on the HSA bandwagon.
Get Real: New ID Requirements for U.S. Travel
Federal requirements for "Real IDs" kick in on October 1, 2020. Is your driver's license or state-issued identification card up to date? Only a quarter of U.S. citizens currently have IDs that will pass muster, according to the U.S. Department of Homeland Security. As a result, many people will be unable to pass through airport security checkpoints, which is expected to cause delays, frustration and lost revenues in the travel industry. Here's what you need to know.