Partners sometimes pay business expenses out of pocket. But whether they can deduct those costs generally depends on the partnership agreement or an established reimbursement policy or practice. We explain the importance of clearly written policies and the rules for unreimbursed partnership expenses, including business mileage and home office costs.

"Work like you own the place!" Family business owners love to say this, but have you ever considered making it a reality for your employees? It might be feasible by establishing an employee stock ownership plan (ESOP). And as the selling owner, you may be able to enjoy some remarkable tax benefits. This article explores ESOP transactions.

Suggestion boxes can work wonders. They cost little to set up and, over time, at least a few of your employees' ideas will likely save your company money and help it operate more efficiently. This article offers eight steps to a successful suggestion box program. A sidebar provides a brief history of the suggestion box, which starts in 1894.

Some business owners invest in the most expensive piece of equipment available only to later learn it was beyond their needs or the expertise of their employees. Then again, other business owners don't upgrade their equipment or buy only used assets, which may lead to all sorts of other problems. This article offers a five-point plan for buying assets in a safe, savvy manner.