Injury and illness reports aren’t generally fascinating reading material. Even so, the Occupational Safety and Health Administration (OSHA) requires most businesses to fill out detailed reports of work-related injuries and illness and to post them conspicuously. From February 1 through April 30, the logs (known as OSHA Form 300 logs) for the prior calendar year… Continue reading

The process of submitting and approving expense reports for business travel can be an administrative hassle if your business reimburses employees for actual travel expenses. Fortunately, the IRS offers simplified alternatives that can save time and reduce recordkeeping. Per Diems vs. “High-Low” Rates Instead of reimbursing employees for their actual expenses for lodging, meals and… Continue reading

Relying on Audit Techniques Guides IRS examiners usually do their homework before meeting with taxpayers and their professional representatives. This includes reviewing any relevant Audit Techniques Guides (ATGs) that typically focus on a specific industry or audit-prone business transaction. IRS Jumps into Golden Parachutes In February 2017, the IRS updated its Audit Techniques Guide (ATG)… Continue reading

  You look forward to the day when you can hand over the reins of the family business to the next generation and enjoy retirement. Or do you? Sometimes, family businesses have two or more children in line to take charge and sibling rivalry erupts. Too often the matter is not discussed because it seems… Continue reading