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High-Performing Teams Need Psychological Safety. Here’s How to Create It

Ancient evolutionary adaptations explain why psychological safety is both fragile and vital to success in uncertain, interdependent environments. When the workplace feels challenging but not threatening, teams can sustain the broaden-and-build mode....

Qualified Disaster Relief Payments by Employers Not Taxable Income to Employees

Hurricane Harvey caused record-breaking devastation to Texas, followed quickly by Hurricane Irma, one of the strongest Atlantic storms in history, wreaking destruction in the southeastern United States. In the midst of these disasters, employers should...

5 Accounting Steps when Disaster Strikes

When a flood, fire, hurricane or other disaster strikes your business, you may suffer heavy property damage along with lost sales during the time you're forced to close. Having a good understanding of the accounting rules related to natural disasters...

Bitcoin, Virtual Currency Deals Under $600 Could Become Tax Exempt

The IRS is hunting digital currency users, since very few people seem to be reporting their transactions. The IRS is using John Doe summonses to obtain data on bitcoin and other digital currency users. The IRS is even hunting bitcoin user identities...

Nonprofits Fear Sting of Tax Reform

The nonprofit sector is in limbo as it braces for the impact of tax reform. Tax changes Republicans have floated could hurt the sector, practitioners and lobbyists warn, even though lawmakers have promised to preserve the charitable giving deduction in...