Focus
Showing 49–64 of 393 results
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It could be a win-win – Boost morale, save taxes with achievement awards
Year End 2021
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 444
Abstract: Many small businesses have been struggling with morale during the COVID-19 pandemic. They might be able to boost their employees’ spirits with a relatively low-cost fringe benefit: an achievement awards program. This article discusses the tax implications of such a program and the importance of determining whether it is nonqualified or qualified.
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How can you improve pay equity in your company?
Year End 2021
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 608
Abstract: Providing the same compensation to workers who perform the same or similar jobs — while accounting for differences in experience and tenure — is both required by law and good business. This article offers some steps that can help business owners assess and, if necessary, improve, pay equity within their organizations.
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The pros and cons of retirement plan rollovers
Year End 2021
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 683
Abstract: In this volatile economy, some sectors are looking better than ever while others are still struggling. Accordingly, many employees are reassessing their careers and seeking new employment in more lucrative industries. This article points out that those changing jobs need to understand the ins and outs of transferring from one retirement plan to another to ensure they don’t diminish their savings or unnecessarily owe taxes because of the transition.
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Avoiding a tax hit with a Section 1031 exchange
Year End 2021
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 850
Abstract: A Section 1031 exchange (also known as a like-kind exchange) allows commercial or investment real estate owners to avoid capital gains tax when selling the property by swapping qualifying properties. This article notes that recent legislation has cracked down on Sec. 1031 exchanges, but currently it’s still possible to use this technique for qualified real estate transactions. A sidebar explains multiple-party transactions.
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Pros and cons of nonqualified deferred compensation plans
October / November 2021
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 432
Abstract: A 401(k) plan is a common fringe benefit for rank-and-file employees. However, an employer might want to supplement a 401(k) with other retirement benefits for specific prized employees. This article points out that in such cases, a nonqualified deferred compensation (NQDC) plan may be a viable option.
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Should you create a living trust?
October / November 2021
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 611
Abstract: A living trust is a legal entity into which the grantor, settlor or trustor (in trust parlance) can place assets to be managed during the grantor’s lifetime and after he or she passes away. This article looks at the benefits and drawbacks of living trusts and notes that appropriately preparing and maintaining one requires a strong knowledge of the rules, as well as a keen understanding of the specific grantor’s financial situation.
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Keep your company financially fit – Revisit billing and collections for stronger cash flow
October / November 2021
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 654
Abstract: The COVID-19 pandemic and its ensuing economic effects have created a difficult environment for many businesses. Companies are seeking innovative ways to stabilize their revenue and improve their financial health. One fundamental aspect of doing business they might overlook is billing and collections. This article suggests that it’s a good idea for businesses to occasionally revisit billing and collections processes to ensure they’re as efficient and effective as possible.
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6 tax-planning ideas for the end of the year
October / November 2021
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 870
Abstract: As usual, year-end tax planning is complicated by uncertainty as Congress debates new tax-related legislation. In the face of this uncertainty, this article offers some year-end tax-planning strategies for business owners to consider, including harvesting capital gains or losses and stepping up charitable giving. A sidebar discusses the importance of clarifying the difference between repairs and improvements for tax purposes.
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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.