Choosing the best way to reimburse employee travel

Choosing the best way to reimburse employee travel

If your employees incur work-related travel expenses, small businesses can tax-efficiently reimburse employee travel costs by using the right method. But to secure tax-advantaged treatment for your business and your employees, it’s critical to comply with IRS rules....
Solo 401(k) plans for companies without employees

Solo 401(k) plans for companies without employees

Among major corporations, 401(k) plans have become common. But even the smallest of businesses can have a 401(k) plan for retirement. One-participant 401(k) plans, known by names such as Solo 401(k) and Uni-k, are available. For some small business owners and...
Consider the taxes before making an employee a partner

Consider the taxes before making an employee a partner

In today’s competitive environment, offering employees an equity interest in your small business can be a powerful tool for attracting, retaining and motivating quality talent. If your business is organized as a partnership, however, there are some tax traps you...