Month: June 2013

Estate executors have tax filing responsibilities

Part of your responsibility as the executor or personal administrator of an estate involves making sure the necessary tax returns are filed — and there might be more of those than you expect. Here’s an overview. Personal income tax. You may…

Pay attention to the fringe benefits you offer

Fringe benefits may be such an established part of your business compensation package that you’re fairly casual about them. Nevertheless, it’s wise to review your policies periodically to make sure you’re correctly classifying the fringe benefits you provide and getting…

What to do if you’re selected for an IRS audit

For most middle-income taxpayers, the chances of getting audited by the Internal Revenue Service (IRS) are slim indeed. In fact, only about one percent of such taxpayers get audited, and most of those audits involve an exchange of correspondence with…

Four tips on leasing commercial space

Decisions about location and the ins and outs of leasing commercial space can be significant factors in determining a firm’s long-term profitability. That’s because the cost of leasing space is often one of the biggest numbers on the profit-and-loss statement.…