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To help protect consumers from telemarketing fraud and educate the public about the differences between legitimate and fraudulent telemarketing practices, in 1995 the Federal Trade Commission (FTC) issued the Telemarketing Sales Rule (TSR). The TSR essentially spells out who and...

Income tax may be the last thing on your mind after a divorce or separation. However, these events can have a big impact on your taxes. Here are some key tax tips to keep in mind if you get divorced or separated. Child support. If you pay child support, you can’t deduct it on...

If an employee lodges what you consider an unwarranted complaint about a supervisor at your company — possibly about you yourself — it’s natural to feel some resentment. But matters can quickly go from bad to worse if, after filing the grievance, that employee believes he...

Recently, the IRS released the 2016 annually adjusted amount for the unified gift and estate tax exemption and the generation-skipping transfer (GST) tax exemption: $5.45 million (up from $5.43 million in 2015). But even with the rising exemptions, annual exclusion gifts offer a...

For retailers, manufacturers and many other businesses, a significant amount of working capital is tied up in inventory. But how accurate is the amount reported on the balance sheet? To best answer that question, a physical count of raw materials, work-in-progress and finished...

From the Thanksgiving kick-off of the holiday season through December 31, many businesses find themselves short-staffed as employees take time off to spend with family and friends. But if you limit how many vacation days employees can roll over to the new year, you might find...

Health care plans that weren’t in place before March 23, 2010 don’t have grandfathered status under the Affordable Care Act. Consequently, these newer plans must meet the provisions under the law including: Unisex premiums (Gender-defined premiums are prohibited under...

The Equal Employment Opportunity Commission (EEOC) recently proposed some plan changes that could have significant value. Those changes would allow voluntary employer workplace wellness programs to mine health-related information, as well as some genetic data, from the spouses of...

Many businesses are uncertain how to account for costs to acquire, produce or improve property, plant and equipment. So, in 2013 the IRS issued regulations on capitalizing versus deducting the costs of tangible personal property. In 2014, the IRS added rules covering dispositions...