How to manage overqualified workers
With high unemployment rates, many people are working in jobs they are overqualified for. Highly qualified employees can bring a lot to an organization -- if they are managed well. Here are some tips. Estate tax roars back in 2011 Just over the horizon is the return of the federal estate tax. With the estate tax repeal at the beginning of this year, even the largest estates can currently pass to heirs free of estate tax. But a beefed up estate tax is scheduled to return in 2011. Mediation may be answer to resolve conflicts Mediation increasingly is becoming part of the legal landscape. Court systems, some more than others, use mediation to reduce docket load and make breakthroughs in deadlocked cases. Parties on their own increasingly use mediation to resolve divorce, business, employment, contract and other conflicts. Mediation, unlike litigation, has the potential not only to resolve disputes but to address underlying issues that create conflict. Financial statements reveal business health Financial statements provide information about the medical practice’s performance as a business. There are several types of financial statements: Three important ones are discussed here. Long leave of absence: Dealing with the workload It can be a challenge for a manager to cover the duties of an employee who is out on disability or other leave of absence. If an employee quits, you can usually hire a replacement. On the other hand, when an absent employee is expected to return, you have to hold the position open while finding a way to get the work done in the meantime. There are a number of ways to approach this task. Will new accounting standards affect you? Real estate investors and builders as well as financial statement preparers need to be well-informed and prepared for the impact International Financial Reporting Standards (IFRS) will have on financial statements. The Securities and Exchange Commission has developed a proposed roadmap to help U.S. companies make the transition to IFRS. Could HIRE Act help your nonprofit? If you’re thinking of taking on new employees this year, the HIRE act could bring big savings to your nonprofit organization. For any new hire who has been unemployed for the past 60 days, a tax credit is available to employers for their 6.2 percent portion of the new employee’s Social Security tax. 'LLC member' doesn't mean limited partner The IRS has continued to litigate – and lose – cases in which it argues that members of a limited liability company should be treated in the same manner as a limited partner when applying the passive activity loss rules. Tax planning tip of the week
What’s new from the IRS
What else is new from the IRS
What’s new from the Courts
What’s new from Congress
It bears repeating
TAX LAUGHS
Mid-Year Tax Planning for 2008 Now is an excellent time to consider steps you might take to reduce your taxes for the current year.
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