Charitable giving and tax planning should be year-round activities.  But it is not unusual for people to wait until the end of the year to look for ways to save taxes.  And since charitable contributions are deductible for people who itemize deductions on their tax returns, this is the time of year that many people give money to charities. 

The successful growth of a business and its ability to prepare for a future sale is often dependent on keeping key employees. As a result, owners frequently resort to offering valued staff an equity interest, contingent on their remaining an employee, as an incentive to keep them from leaving.

Millions of people now work from home and some reports show that more than 50% of businesses in the United States are being run from home offices. This article will address tax issues related to the business use of a home – specifically, who may deduct such expenses and what expenses are deductible.

Many business owners like to treat individuals that perform services for them as independent contractors rather than employees. It relieves them from having to pay FICA, Medicare and state unemployment taxes as well as providing benefits such as workers compensation, health insurance and vacation pay.