Focus

Showing 49–64 of 325 results

  • Paying off your mortgage before you retire

    February / March 2019
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 440

    Abstract: A Fannie Mae study found that less than 50% of homeowners age 65 to 69 were mortgage-free in 2015, down 10 percentage points from 2000. This brief article notes that homeowners will probably come out ahead by eliminating their mortgages before they stop working — but not always. The article discusses the pros and cons of paying off mortgages before retirement.

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  • Family matters – Will tax reform affect your 2018 return?

    February / March 2019
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 734

    Abstract: Taxpayers filing their 2018 tax returns on the new Form 1040 should expect to see some big differences — not just in the form itself, but also in their bottom lines. This year’s return will reflect changes made by the Tax Cuts and Jobs Act (TCJA), and for many families the act will live up to its name. But not everyone will enjoy a tax cut — some households may see their tax bills go up. This article discusses some of the ramifications of the TCJA for families.

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  • Just passing through – How to deduct business losses after the TCJA

    February / March 2019
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 731

    Abstract: The pass-through entity structure, which includes sole proprietorships, partnerships, S corporations and certain limited liability companies (LLCs), provides owners with some valuable tax benefits, such as avoidance of double taxation and the potential ability to deduct losses from the business on their individual tax returns. But under the Tax Cuts and Jobs Act (TCJA), there are some new limitations on deducting business losses. This article looks at the changes in the rules and how they might affect owners of pass-throughs.

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  • Best practices in issuing pay raises

    February / March 2019
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 831

    Abstract: Typically, business owners offer raises that recognize employee expertise, accomplishments and loyalty while keeping their pay scales roughly in line with those offered by other firms in their industries and geographic locations. A business might want to reward specific employees who’ve made contributions to the company, but it will also want to maintain a level of equity with other workers’ compensation — while at the same time keeping payroll costs in line. This article explains how businesses can balance these competing goals by taking such steps as standardizing the criteria they use to determine raises and setting up a raise schedule. A sidebar discusses options when an employee is unhappy with a raise.

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  • Raising financially responsible kids

    Year End 2018
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 451

    Abstract: Helping kids understand money when they’re young will help them develop sound financial habits that pay off when they’re adults. Discussions about money can start early, but need to be tailored to the child’s age. This article offers several tips on coaching children by maintaining an open dialogue about finances and modeling sound money management — at every age.

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  • Understand the ins and outs of estate planning under the TCJA

    Year End 2018
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 801

    Abstract: Although the recent Tax Cuts and Jobs Act doesn’t get rid of the federal estate tax, it does contain several provisions that may significantly affect gift and estate tax planning. So individuals need to be proactive — and plan accordingly. This article discusses exemption changes and suggests several moves that may be helpful for estate planners. The article also explains the expansion of 529 plan tax benefits, which families can use to grow money tax-free for their children’s higher education, and notes some “kiddie tax” rate changes.

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  • New limit on interest expense deductions – Will it affect your business?

    Year End 2018
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 682

    Abstract: The Tax Cuts and Jobs Act introduced a variety of tax benefits for businesses. At the same time, the act placed limits on several tax breaks, including the amount of interest expense a business may deduct. This article takes a closer look at the business interest limit and possible exemptions for small businesses, and notes that some real property businesses may elect not to apply the business interest limit, but must pay some penalties for that election. The article suggests that business owners should be aware that the IRS is expected to issue future guidance on these matters in the coming months.

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  • How your employees can save with payroll deduction IRAs

    Year End 2018
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 815

    Abstract: Employers who’d like to offer employees a way to save for retirement without launching and operating a 401(k) or other employee benefit plan may want to consider payroll deduction IRAs. This article notes that these are relatively easy to establish and cost little to start and operate. And businesses of any size — as well as self-employed individuals — can take advantage of them. In addition, they can complement an existing retirement plan. A brief sidebar offers some pros and cons of setting up payroll deduction IRAs.

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  • Investing in your business still a powerful year-end tax planning strategy

    October / November 2018
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 444

    Abstract: One of the best strategies for business owners attempting to reduce their tax burden continues to be investing in business assets that will provide large depreciation-related deductions. In fact, as this article points out, such investments could provide larger deductions in 2018 than in 2017, thanks to the Tax Cuts and Jobs Act. In addition to discussing the potential benefits of bonus depreciation, the article explains how qualifying for Section 179 expensing might be a strategy also worth investigating.

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  • The pros and cons of a Roth IRA conversion

    October / November 2018
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 834

    Abstract: Roth IRAs offer some important tax advantages over traditional IRAs. For example, qualified Roth IRA withdrawals are tax-free for federal purposes. And, unlike with traditional IRAs, you don’t have to start taking required minimum distributions from Roth IRAs after reaching age 70½, so the assets can grow tax-free indefinitely. This article explains that the quickest way to get a significant sum into a Roth IRA is by converting a traditional IRA to Roth status — but a conversion won’t be beneficial for every taxpayer. It also notes that a Tax Cuts and Jobs Act provision could make Roth IRA conversions riskier from a tax perspective.

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  • How TCJA changes to employee benefits will affect your business

    October / November 2018
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 586

    Abstract: The Tax Cuts and Jobs Act (TCJA) mandates multiple changes to the tax treatment of employee benefits. This article notes that, though the TCJA was signed into law too late for employers to have made many adjustments to benefits offerings for 2018, they need to know how the changes will affect their businesses’ 2018 taxes. They also will need to determine whether they want to make any adjustments to their benefits packages going forward.

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  • Year-end planning for the new rules on deductions

    October / November 2018
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 950

    Abstract: One of the areas most affected by the recent Tax Cuts and Jobs Act (TCJA) is planning for deductions. This article explains how the TCJA might change year-end tax planning and which deductions make sense under the new rules. The article looks at itemizing and discusses home-related interest, medical expense and charitable contribution deductions, among others. A sidebar lists the itemized deductions that the TCJA has suspended.

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  • How to prepare your business for a natural disaster

    August / September 2018
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 414

    Abstract: Natural disasters can strike any business. Companies with a plan for surviving one are more likely to make it through relatively unscathed. This article suggests some steps businesses can take to develop a disaster plan designed to safeguard employees and others, and to minimize property loss and the disruption to operations.

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  • What happens to taxes in the gig economy?

    August / September 2018
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 609

    Abstract: Gig workers accounted for 15.8% of workers in 2015, up from 10.1% in 2005, according to researchers at the National Bureau of Economic Research. And the percentage is only increasing. This article looks at the way gig workers pay taxes, which differs from the way they would as employees. Because an employer typically isn’t withholding money from paychecks to cover gig workers’ tax obligations, they’re responsible for making federal income tax payments and possibly for paying state income tax. This article looks at the ins and outs of gig workers’ tax responsibilities and emphasizes the importance of keeping accurate, timely records of revenue and expenses.

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  • Trust in a trust to keep assets secure

    August / September 2018
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 651

    Abstract: Whether the economic climate is stable or volatile, one thing never changes: the need to protect assets from risk. That risk may occur as a result of factors entirely outside of owner control, such as the stock market or the behavior of heirs and creditors. This article points out that it’s wise to consider taking steps to mitigate the potential peril, including setting up a trust. The article explains that a trust can be a great way to protect assets. But to ensure the funds are unavailable to satisfy claims against the owner, the trust must become the owner of the assets and be irrevocable.

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  • New TCJA tax break may benefit your small business pass-through

    August / September 2018
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 867

    Abstract: A small business that operates as a pass-through entity may benefit from significant tax savings under the Tax Cuts and Jobs Act (TCJA). This article details the qualified business income (QBI) deduction and explains its limits. It also points out that, as with any new legislation that is this massive, it will take time for all the consequences to be fully understood, and that the IRS will likely issue regulations and guidance, such as reporting requirements and the allocation of items and wages. A sidebar offers an example that illustrates how to calculate the QBI deduction.

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