As a small business owner, you may find yourself giving gifts to clients and customers in the course of your business, particularly around the holidays. While you can deduct the cost of certain gifts ... |
As a general rule, a business can claim a tax deduction for the salary, wages, commissions, bonuses, and other compensation it pays to its employees. To be deductible, the compensation must be ... |
Sole proprietorships may deduct wages paid to employees, but the owner of the business is not considered an employee and the owner's salary or draw is not ... |
If you are a small business owner with employees, chances are you're providing them with some employee benefits, whether or not you're aware of it. When you give your employees discounts on the ... |
You can deduct the cost of any bonuses you pay to your employees, as long as the bonus represents pay for services rather than a gift, and it's reasonable in view of the employee's services and ... |
If you make a loan to an employee that you don't expect to be repaid, you can deduct the amount as compensation. If you do expect the loan to be repaid, it would not be deductible unless and until ... |
If you use the cash method, it's simple: you only deduct what you actually paid to your employees during your tax year, whether you're talking about vacation pay or that last December paycheck. |
If you pay your employees in the form of food or housing, you can deduct your actual costs of providing these items. You would deduct them as direct costs of your business, not as employees' wages. |
The cost of group-term life insurance coverage up to $50,000 per employee is deductible on the "employee benefits" Line (Line 14) of your Schedule C, unless you are directly or indirectly a ... |
Under a pilot program that began in 1997 and has been extended through the end of 2005, employees of small businesses (50 or fewer employees) and self-employed individuals can set up Archer Medical ... |
