Question: Is it preferable to allow an employee designated for termination to resign? Answer: Yes, allowing an employee to resign voluntarily can be preferable in certain situations. “Resignation in lieu of termination” can offer a more dignified exit for the employee and potentially reduce legal risks...
Ministry dues can qualify as a professional expense under the Internal Revenue Code if they meet certain criteria. According to the Internal Revenue Code and relevant regulations and rulings, the deductibility of such expenses depends on whether they are considered ordinary and necessary business expenses. ...
Martin Luther King Jr. Day is a federal holiday in the United States, celebrated on the third Monday of January each year. It is a day to honor the life and legacy of Dr. Martin Luther King Jr., an influential civil rights leader who fought...
Many employers typically pay year-end bonuses in the first quarter of the year. If you received a bonus for the first time this year, you may be surprised at the net amount of your "windfall." WHY THE SURPRISE? Work bonuses are classified as supplemental wages, which...
WASHINGTON — The Internal Revenue Service announced that the optional standard mileage rate for automobiles driven for business will increase by 3 cents in 2025, while the mileage rates for vehicles used for other purposes will remain unchanged from 2024. Optional standard milage rates are used...
Question: We’re considering demoting an employee. What questions should we ask ourselves to ensure we are making the right decision? Answered by the HR Experts: Demotions, like other employment decisions, need to be handled carefully. You should ask yourself the following questions to ensure you are...
Companies are introducing sabbaticals for long-term employees to use for personal projects that take more time than a vacation affords. Professional development, community service and travel are packed into sabbaticals. Leave is often awarded in tenure-based increments — one or two weeks for every year of...
In the bustling world of service industries, managing tips can be a significant challenge, involving the delicate balance of accuracy, compliance, and fairness. Whether it’s a restaurant or a salon, business owners need to effectively handle the complexities of tracking, reporting, and distributing tips in...
Businesses that make structural adaptations or other accommodations for employees or customers with disabilities may be eligible to save money on their taxes. Here are the tax incentives for employers who provide accommodations for people with disabilities. Disabled Access Credit The Disabled Access Credit is a non-refundable...