Taxes

July 12, 2016 

Thomson Reuters has launched the completely redesigned interface and user experience of its tax technology platform, Thomson Reuters ONESOURCE. ONESOURCE helps multinational corporations achieve global tax compliance through automation at every step ...

July 12, 2016 

What better way to reward your employees by giving them as piece of the pie? Employee stock options are a traditional way to enable employees to become more “invested” in the job. When employees are more motivated, productivity and quality often improve.

July 9, 2016 

The House Ways & Means Committee has released a 150-page report claiming the Obama administration effectively pilfered $7 billion from taxpayers.

July 8, 2016 

To help ease the burden of hard-working parents, employers may institute a dependent care assistance plan for employees. Under such a plan, payments made to third parties like babysitters and day care centers are excluded from income if the costs ...

July 7, 2016 

You’ve seen this before… Companies with road warrior sales teams who hit the highways and rack up frequent flier miles and costs associated with hotels, airfare and rental cars or client entertainment.

July 6, 2016 

Leaders from the Internal Revenue Service, state tax agencies and tax preparation community are warning tax preparers that they increasingly are targets of cybercriminals and should take appropriate steps to protect clients from data theft.

July 6, 2016 

If some of your employees are looking to go back to school, or to enroll in college courses for the first time, you might decide to lend a helping hand. An employer can set up a program that effectively pays for all or most of the costs on a tax-free ...

July 5, 2016 

Does your business provide meals to its employees in your own cafeteria or by other means? Generally, the cost of this fringe benefit is deductible by the business and tax-free to the employees, but only as long as certain tax law requirements are met.

July 4, 2016 

The statutory requirements for on-site athletic facilities are precise. If you operate a gym or similar facility on the business premises, the value of the benefit is exempt from tax and deductible by the company as long as substantially all use at ...

July 3, 2016 

Taxpayers who adopt children may be in line for special tax breaks. Significantly, you can claim a generous tax credit for qualified adoption expenses you’ve incurred, subject to a reduction based on your modified gross income (AGI). But high-income ...

June 28, 2016 

If morale in your workplace has hit rock-bottom, you can boost spirits – and hopefully productivity – by establishing a program of employee achievement awards. As long as certain requirements are met, the awards are tax-free to employees and ...

June 28, 2016 

If the employer doesn’t provide a cell phone, but instead initiates a reimbursement arrangement for an employee’s personal cell phone that is used for business, the IRS may treat it as a noncompensatory business purpose.