If payroll taxes withheld from employees’ paychecks aren’t remitted to the federal government, a severe tax penalty can be personally imposed on “responsible” individuals.

If your business has placed (or will place) passenger automobiles (including light trucks and vans) into service for 2019, listen up! The IRS recently has released depreciation limits for these vehicles.

Are you a business owner with teenage or college-age children who constantly need money? Make them earn the money by hiring them. You can save taxes and reap other benefits.

An attractive fringe benefit for some employees is an employer-provided vehicle that can be used for business and personal use. The IRS recently issued guidance on how to value the personal use of such vehicles to include the amount in an employee’s income.

Are you selling your principal residence? You may be able to exclude up to $250,000 ($500,000 for married joint filers) of gain. Here are the tax rules for home sales.

A Roth 401(k) can be a valuable retirement savings option to add to your company’s benefits package. But make sure employees use it.

Express your medical preferences in the event you become incapacitated using two key documents: a living will and a health care power of attorney.

How well are your lean improvement efforts working out? You probably won’t find the answer in your traditional financial statements. Here’s an accounting method that’s designed to complement lean manufacturing.

An out-of-date “formula funding clause” can create unwelcome surprises. This is especially true after major tax law changes, such as the Tax Cuts and Jobs Act.

If you spend money in the course of doing business, you want to be able to write it off on your tax return. But in order to be deductible, expenses must meet certain requirements. Here are the rules.

Are you interested in joining the growing ranks of plug-in electric vehicle owners? Find out about the federal income tax credit you might be able to claim.