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Have you heard of Pokémon Go? It's a popular smartphone video game that uses Google Maps technology. The augmented reality game pinpoints locations of virtual Pokémon and "PokéStops" in the real world on a map shown on a...

With the SEC requiring greater transparency with regard to executive compensation, many organizations -- not just public corporations that are bound by SEC disclosure rules -- have begun to rethink Tax Implications of High Salaries and...

If you and your employees spend hours a day working at computers, here is an easy way to save time and resources, as well as increase productivity. It may sound excessive, but most people who have tried it, can't imagine working any other way. It...

Improved contact between physicians and their patients — known as "etiquette-based communications" — would improve the "inpatient experience" and could help a patient recover more quickly, a randomized trial found. Among suggested...

Many businesses start life small and simple. But with growth comes the need for a stronger company infrastructure and increased operational sophistication. As you pursue a more robust business, focus on these four pillars: 1. Organizational...

For anyone who takes a spin at roulette, cries out “Bingo!” or engages in other wagering activities, it’s important to be familiar with the applicable tax rules. Otherwise, you could be putting yourself at risk for interest or...

Few people enjoy giving money to the IRS, but some types of taxes are viewed more unfavorably than others. Here are three worthy candidates vying for the title of most-hated tax. Penalty Tax on Individuals without Health Insurance As you...

In many companies, employees drive during the course of their jobs -- to make deliveries, call on customers or pick up supplies. In some cases, they use their personal cars rather than company cars. This can have several advantages for the...

If you participate in a qualified retirement plan through your job or self employment -- such as a 401(k), profit-sharing, or Keogh plan -- you might be allowed to borrow from the account. (The borrowing option is not available for traditional IRAs,...

Ask employees whether padding expense account reports is wrong and just about everyone will say “yes.” Yet inflated expenses continue to cost businesses thousands of dollars annually. For this reason, every company must establish the...

Does your employer offer a 401(k), 403(b) or governmental 457 plan? If so, you may be able to set up a designated Roth account through your company's plan. Then your Roth account will be allowed to receive designated Roth contributions that are...

You can make cash donations to IRS-approved charities out of your IRA using so-called "qualified charitable distributions" (QCDs). This strategy may be advantageous for high-net-worth individuals who have reached age 70 1/2. It expired at the...

Smart company owners and executives obtain business interruption insurance -- and possibly contingent business income coverage if the operation relies heavily on outsourcing or a particular supplier. The idea is that the policy will compensate the...

When unused flexible spending account (FSA) balances are forfeited back to employers under the "use-it-or-lose-it" rule, employers have several options for what they can do with the money. Here is what employers need to know after first covering...

It turns out that keeping patients in the hospital for just one day longer can saves lives, lower costs and reduce readmissions. That's the conclusion of one study from the Columbia University Business School entitled "Should Hospitals Keep Their...

If a substantial portion of your wealth is tied up in a family or closely held business, you may be concerned that your estate will lack sufficient liquid assets to pay estate taxes. In such cases, heirs may be forced to borrow funds or, in a...

The income tax credit for certain energy-efficient home improvements and equipment purchases was extended through 2016 by the Protecting Americans from Tax Hikes Act of 2015 (the PATH Act). So, you still have time to save both energy and taxes by...

The Internal Revenue Code allows some worthwhile tax breaks for transportation-related employee fringe benefits. They're intended to persuade you to give up your gas-guzzling vehicle when commuting to work and instead "go green." If your employer...

Traditional interviews, background checks, and clever "scenario" questions might help you turn up a good leader. But sometimes, in spite of your best efforts, you end up hiring a problem, and then struggling to get rid of him or her. Here are some...

The big advantage of Section 529 college savings plans is that withdrawals used to cover qualified higher education expenses are free from federal income tax (and usually state income taxes too). That part is very easy to understand, but the full...