Documentation is Important with Family Loans
Today's low-interest-rate environment makes it easy to loan money to family members on favorable terms with full IRS approval. Here's a rundown of what the law covers and why now might be a good time to set up loans. Nothing in the tax law prevents you from making loans to family members (or unrelated people for that matter). However, unless you charge what the IRS considers an "adequate" interest rate, the so called below-market loan
rules come into play. Click here for full article.
Save Time and Money: Pre-screen Recruits with 5 Questions
Most employers select finalists for new positions after a lengthy series of interviews. Of course, face to face interviews are important, but you can save a lot of time-and make better decisions-by asking applicants a few pointed questions over the telephone before you schedule any meetings. Click here for full article