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Gift-giving is a fairly common practice among organizations and a touchy one where taxes are concerned.  The very term “gift,” has a precise definition. The IRS has several different classifications, including intangible gifts (which are taxable) and tangible gifts (which are tax free). Some gifts can be claimed as a deductible expense, while others cannot. The process of a business giving a gift to a worker is far different, tax-wise, from gifts between individuals.  Click here to read more about this confusing topic.

This is the fourth installment of a series of articles about the cremation business. In the three previous articles, I explained that there are three types of cremation businesses and outlined how the trade cremation and “no-frills” cremation businesses work. This month, I’m exploring the harsh reality of the funeral home cremation business.

We all try something new and different at some point in our business life.  When we do, one of two things will happen: It will be successful or it will fail.  The unknown of will it work or not work makes change with innovation scary.  One of the most powerful resources we have at our fingertips to help us decide whether or not to move forward with an innovative change is a survey.

Running a profitable cemetery is not the same as running a profitable funeral home.  In this month’s Finance 101 column Dan responds to a reader looking for advice on whether or not to buy a local cemetery in his market.

Do you ever use your business bank account or credit card to pay a personal expense?  Is this OK?  The answer is “it depends.”  Read our latest issue of Accountability to find out what “it depends” on.