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Relevant Topics That Matter in Business and Life

Hire Your Children to Save Taxes for Your Business and Your Family

  It can be difficult in the current job market for students and recent graduates to find summer or full-time jobs. If you’re a business owner with children in this situation, you may be able to provide them with valuable experience and income while generating tax savings for both your business and your family overall.

Posted on May 15, 2017 in Accounting, Taxes

Enhance benefits’ perceived value with strong communication

  Providing a strong package of benefits is a competitive imperative in today’s business world. Like many employers, you’ve probably worked hard to put together a solid menu of offerings to your staff. Unfortunately, many employees don’t perceive the full value of the benefits they receive.

Posted on April 27, 2017 in Business Strategy

How to Improve Customer Service with 3 Strategies

  Just about every business intends to provide world-class customer service. And though many claim their customer service is exceptional, very few can back up that assertion. After all, once a company has established a baseline level of success in interacting with customers, it’s not easy to get to that next level of truly great… Continue reading How to Improve Customer Service with 3 Strategies

Posted on April 19, 2017 in Business Strategy

Bartering May Be Cash Free But It’s not Tax-Free

Bartering may be cash-free, but it’s not tax-free. Businesses must report as income the fair market value of the products or services received. If there are business expenses associated with the transaction, those can be deducted. Any income arising from a bartering arrangement is generally taxable in the year you receive the bartered product or… Continue reading Bartering May Be Cash Free But It’s not Tax-Free

Posted on April 17, 2017 in Taxes

What Are the Tax Advantages of Employee Education Reimbursement?

  Reimbursing employees for education expenses can both strengthen the capabilities of your staff and help you retain them. In addition, you and your employees may be able to save valuable tax dollars. But you have to follow IRS rules. Here are a couple of options for maximizing tax savings.

Posted on April 10, 2017 in Taxes

Consider key person insurance as a succession plan safeguard

In business, and in life, among the most important ways to manage risk is through insurance. For certain types of companies — particularly start-ups and small businesses — one major threat is the sudden loss of an owner or hard-to-replace employee. To safeguard against this risk, insurers offer key person insurance.

Posted on March 30, 2017 in Business Strategy

The Section 1031 exchange: Why it’s such a great tax planning tool

  Like many business owners, you might also own highly appreciated business or investment real estate. Fortunately, there’s an effective tax planning strategy at your disposal: the Section 1031 “like kind” exchange. It can help you defer capital gains tax on appreciated property indefinitely.

Posted on March 14, 2017 in Taxes