A few years ago, the Internal Revenue Service challenged the tax deductions a college professor took for losses he reported in his business as a book author.'They came in and said, 'OK, prove to us it's a business,'' recalled Joseph Newpol, a certified public accountant and tax attorney who advised the professor on how to deal with the IRS's scrutiny.'We showed them the history of his book writing activity and demonstrated that he didn't have income for several years,' recalled Newpol, who is also a professor in the tax and personal financial planning department at Bentley College in Waltham, ... view article details

As an employee, you want to make sure you are following proper workplace etiquette. Simple things like not speaking too loudly in the office, cleaning up after yourself in the lunchroom, and showing respect to colleagues in team meetings all contribute to a healthy, amiable work environment. But some matters of workplace etiquette are difficult to judge. For instance, can you blaze up in the breakroom with your colleague Todd, order Mellow Mushroom on the company credit card, and watch Pineapple Express on the boardroom projector? Well, no…of course not. But what you do with marijuana out of t... view article details

Are you looking for a new role in the finance and accounting spheres? A promising statistic job seekers should consider is that the unemployment rate for specialized roles in these realms range well below the national average at 0.8% - 3.3%, according to the Q2 2018 quarterly report by the U.S. Bureau of Labor Statistics. With such low unemployment rates in these sectors, there is a labor shortage of experienced candidates. As the pool of unemployed talent continues to narrow, employers struggle to compete in the modern war for talent. For qualified job seekers, however, the labor shortage sug... view article details

All Hail the Chief(s)! This article has been brought to you by the letter “C.” If you see a “C” next to somebody’s title on a business card, you’ve most likely met a person of some importance. But, have you ever wondered about how much C-Suite executives make? Look no further! We’ve compiled a list of seven average annual “chief” salaries to give you an idea of how much these big wigs make annually, on average. 1) Chief Executive Officer (CEO) Median Annual Salary: $754,713 CEOs are responsible for the short- and long-term profitability and growth of their company. They organize leadership and... view article details

Why THAT Person Gets Ahead Do you work with THAT guy?You know the person I'm talking about. The guy who just likes to hear himself talk. The guy who hijacks every business meeting to promote his own agenda. The guy who is far less interested in the outcome of his team's work than furthering his personal goals. Despite possessing traits most would universally acknowledge as deplorable, it seems some people are actually rising up the ranks and being recognized even though they are less qualified than others. But how? And why?A recent Wall Street Journal article cites research claiming w... view article details

Where's the Beach? There’s a radio advertisement running on one of the stations I listen to regularly. It’s an ad for “the beaches of South Walton” and hopes to inspire listeners to vacation there. The problem is, the ad's writers assumed a lot about the audience when they created their piece. They barely mention the beaches are in Florida and allude to the 'white sands,' which requires some knowledge about Florida to conclude the beach must be on the Gulf coast -- because the Atlantic Ocean’s beaches don’t have white sand.Unless the goal was to specifically target people who already ... view article details

 Closing TimeClosing is the last step in buying a home. Unless you are paying cash for the house, you cannot buy without backing from a lender, which comes in the form of a commitment letter. The lender will require that you have a homeowner's insurance policy on the property, so you will need to arrange this before the closing.At closing you will be asked how you want to hold the title, which basically refers to ownership. If you alone will own the house, it's sole ownership; joint tenancy applies when two or more people are purchasing, but each holds the right to dispose of his or her share.... view article details

Start with Confidence  Doing research on how to buy a home is itself an investment - in time. On the one hand are the shelves of books on the subject - helpful, yet sometimes tedious in their detail. On the other hand are specialty Web sites with short, sharp home-buying tips that sacrifice depth and introduce pop-up invitations to apply for mortgages, credit reports, or real estate listings. Even the most hardened researcher can have a tough time telling the forest from the trees. If you are gearing up to buy a house, you may need at least one self-help guide, if only as an anti-jargon dictio... view article details

When Buying is Better   It's the rare person who doesn't resent handing over large sums in rent every month. Even if the very idea of a 30-year mortgage makes you shiver, the fact is, over the long term, building equity in your own property is far smarter than financing someone else's. A fixed rate mortgage also locks in your monthly rate so you know that whatever your payment is, at least it will stay the same for thirty years. Even with an adjustable rate mortgage (ARM) you know your monthly cost will hover within a plus or minus dollar range for the term of the mortgage. Rent, on the other ... view article details

Fewer Young People Are Buying Homes I rent a charming apartment in a seaside town in Massachusetts for a reasonable price. 'Charming,' of course, is long-cherished real estate code for 'small,' and 'reasonable,' in this market, is not a modest sum. If I bought, I could probably get more space for my money (not to mention equity), but I lack the sterling credit and sizeable down payment that are essential to getting a mortgage these days. And so I find myself the apartment-dwelling epitome of an inauspicious trend: the marked decline in homeownership among young adults. Nationally, the... view article details