Business League: A Different Type Of Tax-Exempt

A business league is a 501(c)(6).  Payments to a 501(c)(6) are not deductible as contributions. They are, however, deductible as a business expense- which makes sense as they are business leagues.

How To Lose All Of Your Auto Deduction

A consultant tried to deduct his Aston Martin Vantage with a simple sheet of paper with two mileage values - one at the beginning of the year and the other at year's end. The IRS was not amused.

A Mom Taking Care Of A Disabled Child And Payroll Taxes

Piles of money

A Tax Shelter In The Making

The ins and outs of "captive" insurance companies - and making sure that you don't use your captive for other than its intended purpose or the IRS will come calling.

HRAs Are Back

HSAs

In 2017, Health Reimbursement Accounts (HRAs) will be available to employers with fewer than 50 full-time-equivalent employees and are tax-free as long as employees also have health insurance.

Leadership

Hotline

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Whistleblower Hotlines: A Valuable Resource for Both CEOs and Employees

In practice, employees use hotlines for anything they are uncomfortable reporting using normal company channels, mostly for fear of retaliation.

Privately-Held Businesses

Traitorous 8

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The Traitorous 8 and Birth of Silicon Valley

Politics, economics, terrorism, and social issues may dominate the daily headlines, but behind the scenes there are daily miracles occurring due to technology advancements. Driving much of that...

Law

Dodgeball

Dodgeball: A True Underdog Story (2004) | 20th Century Fox | nopopup

Fair v. Unfair Competition, or the Real Life Case of Globo Gym v. Average Joes

The line between fair competition and unfair competition is often in the eye of the beholder, frequently pushing the parties towards litigation as a forum for resolving what is fair.

Business Taxes

despair

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Pay Payroll Taxes Or Go Out Of Business?

You get a job helping to turnaround a failing company. You discover payroll taxes haven't been paid and struggle to catch up with dwindling cash flow.  Expect the IRS to hold you personally...

Leadership

Call Center

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'Operationalize' It: the Secret to Never Falling Short of Your Customers' Expectations

You should think through every encounter and interaction in detail and determine whether they would have a great experience dealing with your organization.

Construction

grading

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Does Your Scope of Work Mean What You Think It Means?

Prime contractors want to broadly incorporate their obligations under the owners’ contracts to ensure there are no gaps. Subcontractors typically want the opposite: narrow and specific obligations...