MBA News

The Occupational Safety and Health Administration (OSHA) has much to say about how you need to keep employees safe when the winter winds are howling. Also, the Fair Labor Standards Act and state laws have spawned reams of rules on when you are obliged to pay workers if your... Continue Reading

Despite reduced resources due to recent budget cuts, the IRS is continuing its efforts to deter illegal tax evasion schemes. Instead of announcing its annual list of the “Dirty Dozen” tax scams for 2015 in one fell swoop, the agency is issuing a press release for each... Continue Reading

Cuba is a curiosity to many Americans, especially Baby Boomers who remember the Cuban Missile Crisis. It’s the biggest island in the Caribbean — about the size of Virginia — and it’s less than 100 miles off the coast of Florida. Despite its geographic... Continue Reading

You probably know that miles driven for business purposes can be deductible. But did you know that you might also be able to deduct miles driven for other purposes? The mileage deduction rates vary depending on the purpose and the year. Mileage Deduction Rates Business: 56 cents... Continue Reading

If you worked as an employee during 2014, your employer must give you a Form W-2, “Wage and Tax Statement,” by February 2, 2015. This form shows the amount of wages you received for the year and the taxes withheld from those wages, and it must be filed with your return. If you... Continue Reading

It’s a fair question to ask … why should employers provide paid sick leave? As noted by President Obama in his recent State of the Union Address, not every employer does. According to the Bureau of Labor Statistics, 73 percent of U.S. employers provide paid sick leave... Continue Reading

The traditional estate planning approach, aimed at reducing estate tax values, is less relevant for the vast majority of individuals today than it was in the past. The American Taxpayer Relief Act of 2012 (ATRA) provides relatively generous estate tax rates, limits and rules for... Continue Reading

Tax season is finally here. The deadline for calendar-year corporations to file a return (or an extension) is Monday, March 16. The deadline for individuals to file their income tax returns (or an extension) is Wednesday, April 15. As businesses and individuals start gathering... Continue Reading

If you’re like many Americans, you may not start thinking about filing your tax return until the April 15 deadline is just a few weeks — or perhaps even just a few days — away. But there’s another date you should keep in mind: Jan. 20. That’s the date the IRS began accepting 2014... Continue Reading