Business owners and executives often wish their employees worked as if they owned part of the company. An employee stock ownership plan (ESOP) can make that a reality while offering tax breaks and a smoother path for succession planning. This article discusses how ESOPs work and their tax impact.

Although most natural and manmade disasters are unavoidable, companies should take steps to protect their employees, minimize data loss and recover costs. A business continuity plan can reduce financial losses and facilitate a faster recovery, whether the disaster is a fire, earthquake, power outage or even a flu epidemic. This article summarizes the elements of a good continuity plan — including IT access and appropriate insurance coverage.

Early in the new year, most taxpayers are more concerned with their 2024 tax bills than how they'll handle 2025 tax issues. However, as taxpayers contemplate and prepare for their annual tax filing, it's a good idea to become familiar with the tax changes to come.

For most married couples, filing joint returns results in the lowest tax bill, especially if one spouse earns much more than the other. However, in some situations it may be advantageous to file separately. Keep in mind that there are various factors to consider, such as the fact that each spouse reports only his or her own income, exemptions, credits and deductions, and some credits aren't available when married filing separately.

This calendar notes important tax deadlines for the first quarter of 2025.