MBA News

Although a vehicle’s value typically drops fairly rapidly, the tax rules limit the amount of annual depreciation that can be claimed on most cars and light trucks. Thus, when it’s time to replace a business vehicle, it’s not unusual for its tax basis to be higher than its value.... Continue Reading

Like business executives, you may have expertise in marketing, production and sales. Yet the short and long-term profitability of your company relies on strategic planning that looks at marketing, production and sales from several different angles. Successful companies rely on... Continue Reading

With the recent rise in the use of staffing agencies, the National Labor Relations Board (NLRB) has sought to redefine the relationship between the employees of such an agency and the agency’s client. To do that, the NLRB had to broaden the legal test that makes a worker a... Continue Reading

Traditional annual employee reviews can be enormously time-consuming. They generally involve stacks of evaluation forms, a myriad of performance criteria and various numeric ranking systems. According to business researchers CEB, a survey of employers found that managers spend an... Continue Reading

Documenting business travel expenses causes administrative headaches for employers and employees alike. Typically, employees are required to collect receipts as they travel, noting the time, place and business purpose of each expenditure. They then must submit monthly expense... Continue Reading

Contributing to a traditional employer-sponsored defined contribution plan, such as a 401(k), 403(b) or 457 plan, offers many benefits: Contributions are pretax, reducing your modified adjusted gross income (MAGI), which can also help you reduce or avoid exposure to the 3.8% net... Continue Reading

Does your company need a chief financial officer but can’t afford to hire one full time? Or does it simply need someone to help position your business for sale, see it through a special project or temporarily replace an executive who has fallen ill or left the organization?... Continue Reading

When starting a new business, there are a variety of entity choices — although some will be easily ruled out based on your operation. Most entities are governed by state statutes, with federal income tax rules and regulations also coming into play. The six basic entities... Continue Reading

Even successful businesses get snarled up in a rut now and then — a vicious cycle of status-quo marketing and current-customer dependence. If you’re nodding your head thinking, “Yeah, that’s our company,” maybe it’s time to take action to help... Continue Reading