November / December
Showing 1–16 of 609 results
-
Separately managed accounts – An alternative to mutual funds for high-net-worth investors
November / December 2023
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 424
Abstract: Although mutual funds boast many benefits, they don’t give investors control over investment decisions, such as to buy or sell individual securities at year end. Individuals with considerable wealth may want to consider a separately managed account (SMA) instead. This short article defines SMAs and highlights their tax advantages.
-
Does your estate plan account for your digital holdings?
November / December 2023
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 568
Abstract: Increasingly, clients are asking their advisors to include digital assets in their estate plans. The consequences of not doing so can be dire, as several high-profile cases of cryptocurrency owners have illustrated. This article looks at the types of digital assets to include and the best ways to provide them with legal protection.
-
FAQs about maximizing FDIC insurance coverage
November / December 2023
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 640
Abstract: Most bank accounts are safe in the event of bank failure because they’re insured by the Federal Deposit Insurance Corporation (FDIC). This article reviews FDIC coverage limits. It explains concepts such as “ownership categories” and offers tips for increasing insurance coverage for large accounts.
-
4 year-end tax moves for investors
November / December 2023
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 836
Abstract: As the year winds down, it’s a good time to implement year-end strategies that can potentially minimize taxes. This article offers four actions to consider taking: 1) Harvest losses or gains; 2) maximize retirement plan contributions; 3) take required minimum distributions from retirement accounts; and 4) make a qualified charitable distribution. The sidebar dispels a common misconception that investing in a mutual fund just before it makes distributions is like getting “free money.”
-
Tax Tips – Take advantage of the 0% tax rate
November / December 2023
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 444
Abstract: These brief tips explore the value of taking advantage of the 0% capital gains tax rate; explain that qualified businesses can still claim the Employee Retention Tax Credit; and detail the option of requesting a corporate tax refund.
-
Renting to relatives? Beware of the tax pitfalls of family member rentals
November / December 2023
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 531
Abstract: If you own residential real estate, you may be considering renting it to family members. As rents continue to rise in many parts of the country, renting property at a discount to family members may seem like a good way to help relatives in need. But these arrangements are fraught with tax perils. A misstep can lead to the loss of significant tax deductions. This article reviews the tax treatment of rentals to unrelated parties and examines how renting to family changes the rules.
-
Does a charitable remainder trust belong in your estate plan?
November / December 2023
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 564
Abstract: When it comes to tax-saving strategies, sometimes the current economic and financial environment can make one strategy more effective than another. That’s certainly the case with a charitable remainder trust (CRT). Indeed, CRTs are generally more attractive when interest rates are higher — and the prime lending rate is currently at its highest level since 2001. This article details how a CRT works and why it can benefit a person’s estate plan.
-
Year-end tax planning strategies for businesses
November / December 2023
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 918
Abstract: As 2023 comes to a close, now is a good time for businesses to consider year-end moves that can help reduce their tax bills. This article explores several year-end tax planning strategies for businesses to consider. A brief sidebar answers the question of whether companies can write off bad business debts.
-
Embrace construction technology to sharpen your competitive edge
November / December 2023
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 444
Abstract: One 2023 survey found that construction is viewed as “the least technologically proficient” industry in the United States. Well, that’s no good. On the bright side, there’s still plenty that contractors can do about it. This article discusses various ways that construction businesses can embrace tech to operate more competitively and attract younger workers.
-
OSHA’s new recordkeeping rule will soon take effect
November / December 2023
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 533
Abstract: In July 2023, the Occupational Safety and Health Administration published its final electronic recordkeeping rule, which is scheduled to take effect Jan. 1, 2024. The rule expands current occupational injury and illness reporting requirements for construction and other designated high-hazard industries. This article explains what the rule means for construction businesses required to comply and why some industry groups have spoken out against it.
-
Reviewing your options for a business structure
November / December 2023
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 670
Abstract: Construction business owners know a thing or two about building a structure. But they also need to know the ins and outs of establishing a business structure or changing to a new one. This article reviews the four major choices, explaining the advantages and potential disadvantages of each.
-
How about that new lease-reporting standard? New accounting rules call for constant vigilance
November / December 2023
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 898
Abstract: Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842) took effect for privately held businesses in 2022. This new lease-reporting standard sets forth rules that could markedly affect certain financial ratios for construction companies that lease property and equipment. This article reviews the old rules, describes the new rules and discusses how the new standard may impact some of those ratios. A sidebar notes that the new lease-reporting standard could impact a construction company’s tax liability.
-
Beware of the corporate opportunity doctrine
November / December 2023
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 428
Abstract: Under the corporate opportunity doctrine, an agent of a corporation can’t divert or exploit for the agent’s own benefit an opportunity that’s the principal’s opportunity. This article summarizes a recent case in which a New York trial court found the majority owners of a successful sports bar misappropriated a “corporate opportunity” when they used lease buyout proceeds to relocate the bar and start a new corporation to run it. O’Mahony v. Whiston, No. 652621/2014. (N.Y. Cty., Feb. 15, 2023).
-
How to reduce frauds from C-suite executives
November / December 2023
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 562
Abstract: The largest fraud losses typically come from people in positions with the highest authority — owners and executives. A recent study by the Association of Certified Fraud Examiners reports that the median loss from these fraud schemes was $337,000, compared to $50,000 for rank-and-file workers. This article discusses ways to reduce executive-level fraud risks by focusing on the three critical elements of the fraud triangle: motive, opportunity and rationalization.
-
FAQs about valuing human capital
November / December 2023
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 682
Abstract: The term “human capital” refers to a trained and assembled group of workers who know how to operate equipment, follow the company’s policies and procedures, innovate to build new products and services, and work together as a team to achieve the company’s strategic goals. Human capital is often an unreported — but valuable — asset that can be difficult to appraise. This article discusses the types of human capital assets, how to value them and when a valuation might be needed.
-
Estate of MacElhenny v. Commissioner – Claims against decedent didn’t reduce the estate’s value
November / December 2023
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 862
Abstract: The U.S. Tax Court recently ruled that an estate couldn’t deduct the value of two consent judgments entered against the decedent. This article explains why the U.S. Tax Court sided with the IRS, ruling that the judgments didn’t qualify as “bona fide” claims against the estate. A sidebar highlights the Tax Court’s rejection of the estate’s argument that entry by a state court makes judgments bona fide claims. Estate of MacElhenny v. Commissioner, Nos. 12981-19, 12982-19 (Tax Ct. March 15, 2023).