Real estate owners who rent their properties often incur tax losses due to depreciation write-offs and other allowable deductions, but the ability to deduct those losses might be postponed indefinitely by changes to PAL rules. In general, these rules limit deductions for rental property PALs to the amount of income that you have from other […]
Are you a passive investor in a business or rental activity? You aren’t involved directly in day-to-day operations of the project, but are still invested in its success. In general, it is a little easier to determine if you would be identified as a “passive” or “nonpassive” investor since the IRS has prescribed seven tests to […]
You may think your company saves money by handling bookkeeping, accounting, and payroll services in-house, but many businesses find that’s not the case. Running a small business requires expertise and a level of commitment that only you can bring to the table. As you’ve probably discovered though, there is a ton of (boring but) necessary […]
If you weren’t already aware, in general, contributions made to a Traditional IRA (individual retirement account) are tax-deductible if you or your spouse are not covered by a retirement plan at work. For 2016 and 2017, the annual contribution limit for a traditional IRA is $5,500, or $6,500 if you’re age 50 or older. Contribution […]
November 29, 2016, is called “Giving Tuesday.” Joining in the trend of Black Friday, Small Business Saturday, and Cyber Monday, the Tuesday after Thanksgiving has grown into one of the biggest fundraising drives for non-profits. It’s a day when charities encourage people to make year-end donations, many through using the hashtag on social media of […]
When it comes to violations of the labor law posting requirements, it’s not that these mandatory notices aren’t displayed prominently. It’s that they are not displayed at all, says the Equal Employment Opportunity Commission (EEOC). And that’s a problem. Typically the EEOC is alerted to the issue by employees who are aware of the requirements […]
Surveys of job seekers — often performed by recruiting firms — reveal a variety of reasons why would-be applicants may decide to bypass your company. Some individuals may complete the application but through that process develop a negative preconception about your business. This is particularly true with younger job seekers. High on the list of […]
This election season, Republicans and Democrats don’t seem to agree on much. But 95% of voters — regardless of which U.S. presidential candidate they favor — support American-made products. The vast majority of Americans also favor training programs, trade enforcement, tax incentives and a national strategy to support U.S. manufacturing, according to the Alliance for […]
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