Claiming first-year depreciation deductions for eligible assets is a critical tax-saving strategy for many businesses. Because of recent tax law changes, the rules for doing so have shifted considerably. We provide a comprehensive overview of what's now allowable in both the 2025 and 2026 tax years.

Increasing numbers of U.S. residents speak foreign languages and many of them are participating in employee benefit plans. Your company may be required by law to assist them in understanding their benefits. This article provides a look at what you must do and how some companies go beyond that.

Social networks have grown in popularity and corporate usefulness. But there's a fine line between personal and professional networking on the Web, and missteps can be treacherous. As a result, some companies simply ban social sites in the workplace. A wiser approach might be to come up with a strong policy to regulate them. Here are some issues for businesses to consider in terms of monitoring online activities.

The question we'll answer in this article is:

Our company recently began offering a 401(k) plan. We know mistakes can happen. We heard about an IRS program that allows plan sponsors to fix mistakes. Are there some errors we can correct without the IRS being involved?