Focus

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Showing 1–16 of 321 results

  • 7 11th-hour tax strategies for individuals

    Year End 2020
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 444

    Abstract: There’s still time for individuals to cut their 2020 tax bills. This article offers seven last-minute tax strategies to consider at the end of this tumultuous year, including donating to charity, using capital losses to offset capital gains and adjusting income tax withholding. The article notes that more tax strategies may be available, depending on the taxpayer’s specific circumstances.

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  • The pros and cons of long-term care insurance

    Year End 2020
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 700

    Abstract: The COVID-19 pandemic has served as a reminder of how hard it can be to deal with an unexpected health crisis, and how important it is to foresee and plan for potential health care needs before they arise. One such potential eventuality is long-term care (LTC). While an insurance policy can be the best approach, this article suggests that, before committing to LTC insurance, an individual should weigh the benefits and drawbacks.

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  • Remote control – Preventing employee security breaches

    Year End 2020
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 691

    Abstract: In light of ongoing concerns about the COVID-19 pandemic, remote work appears likely to be with us in some form for the foreseeable future. So, it’s important for companies to ensure that their connections to employees working from home remain as secure as possible. This article suggests some security steps businesses can take, including having employees use business-issued devices and implementing dual-factor authentication. The article notes that a multilayered defense is likely to prevent security breaches.

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  • Appreciate these depreciation tax breaks

    Year End 2020
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 857

    Abstract: Businesses that have been ramping back up at year end may need to buy business property for the rebound. This article highlights several key potentially beneficial depreciation-related tax breaks for companies, such as a first-year “bonus depreciation” deduction and a MACRS deduction. A sidebar discusses tax rules relevant to business driving.

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  • Budgeting for baby

    October / November 2020
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 583

    Abstract: According to the U.S. Department of Agriculture, the cost of raising a baby to age 18 can top $230,000, after factoring in generally higher housing costs, health care and other expenses — but before including college costs. In light of these facts, this article suggests several steps that will help bolster a family’s financial stability, including obtaining the right kinds of insurance and reviewing tax breaks for dependent care.

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  • Timing is everything – Take advantage of temporary rule changes in your year-end tax planning

    October / November 2020
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 450

    Abstract: It’s the time of year when businesses often consider income-tax-minimizing strategies such as deferring revenue and accelerating expenses. But the COVID-19 pandemic, the resulting economic downturn and the upcoming election put a different spin on this year’s tax planning. This article offers some tactics worth considering now, such as writing off bad debt. In addition, the article notes that the CARES Act extends additional tax relief that could reduce liability.

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  • What are the pros and cons of the new QIP depreciation breaks?

    October / November 2020
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 760

    Abstract: One tax benefit of the CARES Act is that it allows real property owners to depreciate real estate qualified improvement property (QIP) faster than before. This article points out that the rule change was made in response to an earlier drafting error in the 2017 TCJA. Under the CARES Act, QIP is now included in the Internal Revenue Code’s definition of 15-year property, so it can be depreciated over 15 years for federal income tax purposes. The article explains the possible benefits and drawbacks of the new QIP depreciation tax breaks.

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  • Year-end tax planning tips for individuals – 2020 presents challenges and opportunities

    October / November 2020
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 908

    Abstract: COVID-19’s impact is being felt across the financial spectrum, from lower interest rates, slashed dividends and reduced incomes to unpredictable stock market swings. At this volatile time, it’s important for individuals to be aware of some potential strategies for reducing their income tax liability before the end of the year. These include charitable giving and converting pretax traditional IRAs to after-tax Roth IRAs. A sidebar discusses strategies related to gift and estate taxes.

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  • Double-edged sword – Don’t become a victim of credit card fraud

    August / September 2020
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 456

    Abstract: Taking a few simple steps can help cut the risk that credit cards will be used without permission and lessen the likelihood of liability for any charges unauthorized users make. This article discusses situations in which individuals might be held liable for fraudulent use of their cards and lists five ways they can lower their risk. It also points out that it’s important not to be lulled into a false sense of security by the ease and convenience of credit and debit cards, because there’s always risk of theft and fraud.

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  • CARES Act provides relief from TCJA loss limitation rules

    August / September 2020
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 677

    Abstract: The Coronavirus Aid, Relief, and Economic Security (CARES) Act undid, at least temporarily, several provisions of the 2017 Tax Cuts and Jobs Act (TCJA) that were unfavorable to taxpayers. These include changes to the rules for claiming certain business losses. This article explains that the act includes beneficial changes to the rules for deducting net operating losses (NOLs), such as easing the taxable income limitation on deducting NOLs. It also notes that the act temporarily removes the excess business loss disallowance rule for losses arising in tax years from 2018 through 2020.

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  • A buy-sell agreement can help reduce risk for your business

    August / September 2020
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 731

    Abstract: In these uncertain economic times, business owners may want to consider implementing any available strategies that will help reduce risk going forward. One such strategy is a buy-sell agreement, which can protect businesses and maintain stability in the event that ownership interests need to be transferred. This article explains how having a buy-sell agreement in place can stabilize a business during any potential transitions of ownership.

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  • Take advantage of CARES Act changes to retirement accounts

    August / September 2020
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 835

    Abstract: In this time of financial uncertainty brought about by the COVID-19 pandemic, individuals may be more concerned than ever about protecting their retirement accounts — or they might need to tap these funds now even though they haven’t yet reached retirement. This article explains several provisions of the Coronavirus Aid, Relief, and Economic Security (CARES) Act that may provide some assistance. It also suggests that it’s important for individuals to get professional advice to help determine the best course of action for their particular situations, and factor in the tax consequences. A sidebar discusses tax-advantaged distributions under the CARES Act.

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  • Changes to Form W-4: What employers need to know

    June / July 2020
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 433

    Abstract: The 2020 version of Form W-4 (the Employee Withholding Certificate) is designed both to be more accurate and reflect changes from the 2017 Tax Cuts and Jobs Act (TCJA). For instance, the new form eliminated the line where employees enter the number of allowances because it was tied to personal exemptions, which the TCJA suspended. This article explains what employers should know about these changes to help smooth the way for their employees.

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  • CARES Act relief provisions benefitting individuals

    June / July 2020
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 647

    Abstract: Many Americans are familiar with the “Economic Impact Payments” for individuals provided by the Coronavirus Aid, Relief, and Economic Security (CARES) Act. But they may be less familiar with other provisions of the CARES Act intended to provide much-needed financial relief. This article highlights several provisions of the act that are potentially useful to individuals.

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  • Saving for retirement gets a boost from the SECURE Act

    June / July 2020
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 888

    Abstract: The 2019 SECURE — short for Setting Every Community Up for Retirement Enhancement — Act makes it easier for many people to save for retirement. This article provides an overview of some of the provisions that could affect individuals’ retirement planning in beneficial ways, such as pushing back the age at which individuals must begin taking required minimum distributions (RMDs) from their retirement plans and mandating employers to allow part-time employees to enroll in their 401(k) plans, with certain restrictions. A sidebar explains provisions of the act that focus on educational savings accounts and student loans.

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  • What can the CARES Act’s tax provisions do for your business?

    June / July 2020
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 700

    Abstract: Tax breaks, including many provisions of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, are one set of tools that can help businesses rebuild their financial health after the economic downturn resulting from the coronavirus (COVID-19) pandemic. This article looks at several provisions designed to aid businesses, including a new refundable credit against payroll tax and increased business interest deductions.

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