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Reminder: Jan. 31 is the due date for W-2 and certain 1099-MISC forms. Unlike in prior years, 2016 W-2 forms (“Wage and Tax Statement”) that report employee compensation and all 1099-MISC forms (“Miscellaneous Income”) that report nonemployee compensation must be filed by Jan. 31, 2017. Many states require employers to file copies of Form W-2 with the state’s taxing authority. While several of those states had Jan. 31 due dates...

FBAR filing deadline pushed back for some. Proposed regs, issued in March, would expand and clarify exemptions from Report of Foreign Bank and Financial Accounts (FBAR) reporting for certain individuals with signature authority over, but no financial interest in, one or more financial accounts. Now the Financial Crimes Enforcement Network (FinCEN) has extended the FBAR filing due date to April 15, 2018, for those individuals. The extension applies to the...

If you own intellectual property (IP), such as a patent or copyright, you need to know how to account for it in your estate plan. These intangible assets can be highly valuable, and you’ll want them to be handled according to your wishes after you die. 2 important questions IP generally falls into one of these categories: patents, copyrights, trademarks or trade secrets. For estate planning purposes, IP raises two...

Business owners get to make executive decisions. It’s one of the perks of the job. But acting unilaterally when buying business software can be a risky move. Because new technology affects the entire team, the entire team (or at least key members) should have input on the choice. And while it may be impossible to please everyone, it’s possible to come close. Management feedback Certain kinds of new business software...