MBA News

With Health Savings Accounts (HSAs), individuals and businesses buy less expensive health insurance policies with high deductibles. Contributions to the accounts are made on a pre-tax basis. The money can accumulate year after year tax free, and be withdrawn tax free to pay for a... Continue Reading

The U.S. Tax Court has held that payments received by a police detective on his retirement — for unused sick and vacation time — were includible in income. Based on that conclusion, the court rejected the taxpayer’s argument that a portion of the vacation time... Continue Reading

Personality tests are not new. But the proliferation of easy-to-administer web-based testing services has made personality tests more ubiquitous. Are they right for your organization? You need to consider both the potential benefits and the possible legal risks. Useful or Not? An... Continue Reading

Concerns about cyber threats disrupting core operations are now a top operational risk. During a May 8 question-and-answer session, Securities and Exchange Commission Chair Mary Jo White called threats to cyber security “the biggest systematic risk we have facing us.”... Continue Reading

Income and losses from investment real estate or rental property are passive by definition — unless you’re a real estate professional. Why is this important? Passive income may be subject to the 3.8% net investment income tax (NIIT), and passive losses are deductible only against... Continue Reading

Here’s a list of things to consider regarding wills: Consult an attorney. Although wills written without legal advice are generally valid, an attorney can help ensure that the will actually accomplishes your objectives. If an attorney is not used, know the requirements for... Continue Reading

The Equal Employment Opportunity Commission (EEOC) recently laid its cards on the table by giving a detailed description of when wellness programs step over the line and violate the Americans with Disabilities Act (ADA). Here’s the latest. According to the most recent... Continue Reading

Gambling remains an ever-popular U.S. pastime. But it’s more than just fun and games — gambling can also have serious tax implications. Here are the most important issues involving the federal tax treatment of an amateur gambler’s winnings, losses and... Continue Reading

Being a good corporate citizen is an effective way to stand out in the eyes of your customers, employees and investors. But how do you prove your commitment to corporate responsibility to skeptical stakeholders? B Lab, a not-for-profit organization, awards its prestigious... Continue Reading