Being a limited partner in a business generally offers liability protection and potential self-employment tax advantages. But it may also trigger the passive activity loss (PAL) rules, which can limit loss deductions for federal income tax purposes. We explain what to know before investing or filing a return reporting partnership losses.

Companies frequently use non-qualified deferred compensation plans in their pay packages for executives and key employees. Because these plans are not subject to the same compensation and benefits limits that apply to qualified plans, they help build adequate retirement income for high earners. They also offer tax advantages by deferring tax into later years when high earners may be in a lower tax bracket. Here are some mistakes to avoid when maintaining a non-qualified deferred comp plan.

Tax credits are far more valuable than tax deductions. Unlike a deduction, which reduces a business's taxable income, a credit reduces the business's tax liability dollar for dollar. Credits aren't unlimited, however. For businesses, the aggregate value of tax credits may be limited by the general business credit. This article explains how it works and lists specific credits it includes.

You know you're operating a reputable business, but is that the impression your sales force is leaving with potential customers? In a competitive business environment, it's easy to forget what constitutes ethical sales. Here are some reminders to give to sales people to encourage them to not say whatever it takes clinch a deal. Something bigger than monthly sales targets is at stake.