Focus

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Showing 1–16 of 337 results

  • Section 179 + bonus depreciation: A one-two punch

    August / September 2021
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 443

    Abstract: Recent tax law improvements may allow small business owners to write off all or most of the cost of qualified business property placed in service during the year. This article explains that businesses also might qualify for 100% first-year bonus depreciation on qualified property.

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  • How to choose a trustee you can trust

    August / September 2021
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 610

    Abstract: When establishing a trust, it’s important to consider the issue of naming a trustee. A friend or family member may be completely trustworthy and still not be the right person for the job. Because of the legal implications, it could be best to name a financial institution rather than a person. This article looks at the many considerations involved in naming a trustee.

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  • Could your business benefit from a PEO?

    August / September 2021
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 649

    Abstract: For many smaller businesses, remaining up-to-date on employment regulations and health care options can be a struggle. One potential solution is a professional employer organization (PEO). This article explains that PEOs can take on many HR functions that a business would otherwise handle on its own. It also points out that deciding whether to establish an in-house HR function, work with a PEO or use some combination of the two requires a thorough analysis of a company’s strategy and operations.

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  • Educate yourself – Back-to-school tax breaks in 2021

    August / September 2021
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 869

    Abstract: Families may be eligible for a wide range of tax benefits this year, including several enhanced by recent federal tax legislation. This article provides a roundup of several key tax breaks taxpayers may want to take advantage of, including the American Opportunity tax credit and the Lifetime Learning credit.

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  • How to secure a business bad debt deduction

    June / July 2021
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 456

    Abstract: This brief article highlights how businesses may be able to secure bad debt deductions. This tax treatment isn’t automatic. A business must be able to show that the debt in question is worthless. The article explains the ins and outs of claiming a business bad debt for 2021.

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  • What new scam is this? Staying alert to evolving scams

    June / July 2021
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 690

    Abstract: Scams and frauds are nothing new. But individuals need to be aware of how scams change over time. This article lists some of the latest fraud schemes, including tech scams, IRS impersonators and mortgage closing scams. It notes that individuals who suspect they’re being victimized should consult an accounting professional for help.

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  • Be creative to improve profits over the long haul

    June / July 2021
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 708

    Abstract: In a volatile economy, businesses that fail to think strategically and creatively may be at a competitive disadvantage. This article points out that management needs to assess the business environment as well as the company’s strengths and weaknesses. It also discusses how some sales and cost strategies can help a business stay financially solvent.

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  • 7 red flags for IRS audits

    June / July 2021
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 871

    Abstract: Recently, he overall IRS audit rate fell to a historical low of .4%. However, it’s as important as ever for people to toe the line so they don’t wind up as one of the “chosen few.” This article discusses some of the warning signs that might trigger scrutiny from the IRS. A sidebar highlights a few other potential trouble areas to look out for.

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  • How to benefit from the Work Opportunity Tax Credit

    April / May 2021
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 441

    Abstract: One strategy that may benefit both a business and its workers is to hire employees from specific “target” disadvantaged groups, thus enabling the business to qualify for the Work Opportunity Tax Credit (WOTC). Scheduled to expire after 2020, the WOTC was recently extended for five years, through 2025, by the Consolidated Appropriations Act. This article discusses the different target groups for whom the WOTC is available.

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  • Protect family assets with a trust

    April / May 2021
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 648

    Abstract: Trusts can be a great way to protect family financial security, but each type of trust has its own benefits and drawbacks. This article looks at several types of trusts, including spendthrift trusts and offshore trusts. The article points out that it’s essential to examine the different types of trusts in detail with a financial advisor to ensure that the type of trust established will best protect assets going forward.

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  • Should you adjust pay rates for remote employees living in lower-cost locations?

    April / May 2021
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 695

    Abstract: If a business’s compensation rates are relatively high because of the cost of living in the surrounding area, reducing pay for remote employees who move to lower-cost areas may seem to make business sense. But there are many factors to consider. This article takes a look at the advantages and disadvantages of various approaches and notes the importance of relying on solid compensation data to support the most appropriate compensation approach, given the business’s circumstances.

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  • Chances of qualifying for medical deduction are looking better

    April / May 2021
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 849

    Abstract: The Consolidated Appropriations Act extends the lower deduction floor for medical expenses past its scheduled expiration date. Even better, the new law change is permanent, meaning it has no expiration date. This article explains that taxpayers can benefit from this provision until Congress changes the threshold again — so, they might have a better chance of qualifying for a deduction this year, next year or beyond than in the recent past.

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  • Should you elect S corporation status?

    February / March 2021
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 427

    Abstract: If business owners want to switch from their current C corporation status to S corporation status for the 2021 tax year, they have until March 15, 2021, to make the election. Otherwise, as tax law stands now, they generally must wait another year. This article explains the variables owners need to consider in determining whether to make the switch.

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  • Be vigilant and avoid fraud traps

    February / March 2021
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 625

    Abstract: The only way for individuals to make sure they don’t become victims of fraud is to stay up to date on the continually evolving methods criminals might try to use and learn how to counteract those methods. This article offers some ways people can defend themselves, such as conducting due diligence on charities before donating and learning how to detect phishing emails.

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  • Attracting outside investors with a good pitch deck

    February / March 2021
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 681

    Abstract: Business owners trying to attract outside investors probably could benefit from preparing a “pitch deck”: a digital presentation that provides a succinct, compelling description of the business, its solution and the benefits of the investment opportunity. This article discusses the elements of a good pitch deck, including identifying the problem the company solves, describing the target market and highlighting the company’s performance to date.

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  • Ways you can still cut your 2020 taxes

    February / March 2021
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 870

    Abstract: The year may be over, but it’s not too late for taxpayers to cut their taxes. This article contains some timely strategies that could still make a difference for individuals’ tax bills, including contributing to an IRA, contributing to an HSA or taking a home office deduction. A brief sidebar explains that self-employed individuals with a Simplified Employee Pension (SEP) plan may be eligible to deduct SEP contributions for the 2020 tax year.

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