Exploding offers have largely fizzled out
March 31, 2022
In a tight job market, an employer might consider making an “exploding offer” to a job candidate. Here’s why you should think twice before lighting the fuse.
Taking the opposite approach: Ways your business can accelerate taxable income and defer deductions
March 29, 2022
The best tax planning actions for your business partially depend on whether you expect federal income tax rates to go up, go down or stay the same in the future. Here are some ideas if you think rates could go up.
Eyes on related parties
March 28, 2022
Remember Enron? Doing business with so-called “related parties” may result in nepotism, sweetheart deals and skewed financial results. Here’s how auditors customize their procedures for related-party transactions.
The tax rules of renting out a vacation property
March 25, 2022
A vacation home is more than just a place to relax. It also may provide tax breaks. Here are the rules if you rent it out for part of the year.
Are COVID-19 testing and vaccination programs subject to ERISA?
March 23, 2022
Employers: Are you welcoming employees back to the office while also considering a COVID testing/vax program? Here’s a look at the ERISA implications.
When inheriting money, be aware of “income in respect of a decedent” issues
March 21, 2022
For the most part, property you inherit isn’t included in your income for tax purposes. However, certain items may have to be included in your income, although you may also be entitled to a deduction on account of them.
