Published on January 11
Did you know that as an employer you can be held responsible for the harmful acts of your employees? This article will discuss how and why. Another article in this series will discuss how you can minimize your risks.
The law governing when an employer will be liable for a subordinate’s harmful acts goes by many names. The most common are: “vicarious liability” (holding any party liable for the acts of another), “respondeat superior” (a Latin term meaning, let the master answer, which designates holding a party liable for the acts of their subordinate), “master-servant liability” (another term for respondeat superior), …
Added in Employment
Published on January 11
Expenses incurred entertaining customers, clients, and employees are often deductible under 26 U.S.C. § 274. Because the rules are quite detailed and contain a collection of exceptions and specific treatments of specific forms of entertainment, including foreign travel, conventions, and cruises, it is particularly important that taxpayers consult with a reputable lawyer or accountant to insure compliance.
Deductible Entertainment
Entertainment is defined by the IRS as any activity that provides amusement or recreation. Entertainment can also include meals. Expenses related to the entertainment such as taxes, tip, cover charge, parking, or room rental fees also qualify as part of the cost of …
Added in Employment, Helpful Business Info, Taxation
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