Think Carefully Before Hiring Family Members

Some family members have the skill and can-do attitude to propel a firm toward greater success; others have the power to drag it toward bankruptcy. Before hiring a son-in-law who’s clamoring for an executive position or a sister who recently graduated from college, beware of these pitfalls.

Tax Tip Tuesday! Pay Employees For Riding Bikes To Work

Bicycles may well be the vehicles of novelists and poets, as stated by journalist Christopher Morley. But these days bicycles are also the vehicles of commuters — and if they’re the vehicles of commuters who work in your business, you can offer a nontaxable fringe benefit of up to $20 per month.