Business Interruption Insurance: A Lifeline When Disaster Strikes
U.S. businesses have experienced blizzards, wildfires, winter storms, vandalism and other disasters in 2014. Such tragedies remind us to expect the unexpected. Proactive businesses purchase business interruption insurance to survive the recovery period that follows a disaster. Here are the basics of purchasing this type of coverage and making well-supported, expedient claims.
Hosting Holiday Parties that Even the Grinch Would Enjoy
In the spirit of the holidays, many companies are hosting annual parties. If you're among them, your get-together doesn't have to be extravagant or wild to be fun and rewarding. It's a good time to look at what some companies are doing to lower the costs and risks of hosting holiday parties. We'll also tell you the federal tax rules involved in deducting company parties attended by employees and customers.
Advice for Snowbirds Buying a Second Home
Although it's cold outside, the National Association of Realtors reports that the vacation home market is the hottest it's been since 2006. Is a vacation home right for you? If so, fall and winter are the prime seasons for buying and selling vacation homes, when snowbirds flock south and ski bunnies hit the slopes. Here are some tips to finding the perfect vacation home, including the tax implications.
Year-End Marital Status and Taxes: Timing Is Everything
Marital status at the end of the year can have major tax implications. If you're married (or divorced) on December 31, the IRS treats you as married (or single) all year long. This article discusses the tax implications of tying (or untying) the knot late this year or early next year, as well as some other tax-savvy moves for people contemplating a change in marital status within the next year.
Test Your Fraud IQ
The typical business loses 5 percent of its revenues each year to fraud, according to a recent study. This equates to $50,000 for every $1 million in annual revenues. Part of the problem is that many business owners and managers believe they're too smart to be duped by a fraudster. Test your fraud awareness with this 10-point quiz -- and find the answers to our bonus question: "Which Industries Are the Riskiest?"
Think Outside the Gift Box this Holiday Season
Fruitcakes may be clich. Business card holders may be pass. Alcohol is taboo. How can you use corporate holiday gifts to stand out from your competitors? A well-thought-out concept doesn't have to break the bank to reinforce your brand and cement business ties. Here we discuss some clever, relevant ideas, highlight some embarrassing faux pas and review the IRS guidelines related to holiday gifts.