Management & Tax Concepts
MTC
Showing 1–16 of 254 results
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Cafeteria plans: Avoid these common errors
Spring 2023
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 441
Abstract: Cafeteria plans offer attractive tax benefits for employer and employee alike. This article explains that while these plans give employees a choice between receiving taxable cash compensation and selecting from a menu of tax-free benefits, such as group term life insurance, accident and health plans, dependent care assistance, and adoption assistance, it’s important to keep in mind that these plans are covered by the Employee Retirement Income Security Act and must comply with several strict requirements.
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How to draft a will that passes the test of time
Spring 2023
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 548
Abstract: Regardless of a person’s age, financial circumstances or position, having a will is an important basic step that shouldn’t be ignored. Even those who have a will in place should review it periodically to make sure it still conforms to their wishes. This article suggests some important steps to take to ensure a will covers all the bases.
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How to manage taxes in retirement
Spring 2023
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 747
Abstract: Individuals planning and saving money for a financially secure retirement shouldn’t neglect the one factor that could make an important difference: the impact of taxes on retirement finances. This article notes that many retirees don’t consider how taxes will affect their retirement income. As a result, they may end up paying thousands of dollars more in taxes than they would have if they’d planned better. It points out that it’s a good idea for individuals to take steps now to plan for the impact of taxes on retirement finances.
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Multistate income tax issues for remote sellers
Spring 2023
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 891
Abstract: Businesses that engage in e-commerce must consider the tax implications of their Internet activities in other states. This article points out that in recent years, much of the discussion about multistate taxation has focused on sales tax, but that businesses should also consider the income tax implications of doing business across state lines. It notes that recently, the Multistate Tax Commission (MTC) revised guidance that may raise new income tax concerns for remote sellers. A sidebar looks at earlier MTC recommendations regarding e-commerce.
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Noncorporate taxpayers: Watch out for the excess business loss limitation
Winter 2023
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 462
Abstract: One advantage of operating a business as a sole proprietorship or pass-through entity (partnership, S corporation or limited liability company) is the ability of owners to deduct some business losses on their individual tax returns. In other words, business losses can offset nonbusiness income, such as wages, interest, dividends or capital gains. However, this article points out that the limit on excess business losses could reduce the deduction. It explains that taxpayers need to talk to their tax advisors about alternative tax-planning strategies for reducing or deferring taxable income.
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When should you start your estate plan?
Winter 2023
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 718
Abstract: The consequences of delaying estate planning too long can be devastating to surviving family members. This article notes that if someone dies without a last will and testament, for example, state law might end up deciding who receives that person’s assets. It further points out that without a medical directive, an individual’s wishes with regard to end-of-life care decisions might not be followed. The article explains that even people who have created estate plans should review them periodically.
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4 steps to take before selling your business
Winter 2023
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 756
Abstract: In a volatile economic climate, it’s wise for business owners to be prepared for every eventuality — including the possibility they’ll need to sell their businesses fast. This article explains that even if a sale isn’t urgent, it’s important to prepare the business for potential sale. The article suggests four helpful steps for business owners to take as they consider putting their businesses on the market.
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Expanded energy tax incentives benefit businesses
Winter 2023
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 914
Abstract: The Inflation Reduction Act (IRA), signed into law in August 2022, contains provisions designed to reduce carbon emissions and spur development of clean energy. The act also significantly expands energy-related tax incentives for businesses in general as well as for individuals. This article looks at the expansion of two valuable tax breaks for eligible real estate developers, builders and owners: the tax credit for new energy-efficient homes and the deduction for energy-efficient commercial buildings. A sidebar discusses the updated electric vehicles tax credit.
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Corporations: Beware the accumulated earnings tax
Fall 2022
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 457
Abstract: A disadvantage of C corporation structure is the possibility of double taxation. A C corporation’s income is subject to two levels of income tax: once at the corporate level and a second time at the shareholder level when income is distributed in the form of dividends. This article explains that to avoid — or at least defer — double taxation, many corporations retain earnings rather than distributing them to shareholders. It points out, however, that this strategy can backfire by triggering the accumulated earnings tax (AET).
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Shopping around to get the best financing for your business
Fall 2022
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 609
Abstract: It can be difficult for a small business owner to discern what type of financing will best serve the business and help it thrive through difficult financial times. This article points out that whether it’s the need for new, more technologically advanced equipment or an opportunity to expand operations, owners need to shop around to familiarize themselves with the different financing options available before they “buy” into a particular borrowing strategy.
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How a life insurance trust could lower your estate taxes
Fall 2022
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 756
Abstract: In 2017, the Tax Cuts and Jobs Act significantly boosted the estate tax exemption, which is the amount of an estate that is exempt from taxation. This could change, however, if the estate tax exemption is cut in half in a few years as is currently scheduled. This article explains that it’s important for people to start thinking about how they can reduce or eliminate federal estate taxes if their estates will be larger than the new exemption amounts in 2026 and beyond. It suggests that one idea is to set up an irrevocable life insurance trust (ILIT), and discusses the ins and outs of that approach.
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Will you qualify for the home sale gain exclusion?
Fall 2022
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 880
Abstract: For most people, the home sale gain exclusion is the biggest tax break they’ll ever get. But the exclusion is subject to several complicated rules and limitations. This article notes that it’s important for individuals to plan carefully before they sell to shield as much of their profit from tax as possible. A sidebar discusses how a home office affects a home sale exclusion.
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Selling business property? Don’t overlook the purchase price allocation
Summer 2022
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 472
Abstract: The allocation of a property’s value between the building and the land can have significant tax implications for the property’s seller. This article explains that this is because gains on the sale of business property — to the extent of depreciation taken or allowed — is taxable at ordinary income tax rates up to 25%. The article notes that if the owner can demonstrate that most or all of the gain is attributable to increases in the value of the land, he or she may be able to reduce the tax burden significantly.
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An invaluable tool – Use a valuation to help your business stay competitive
Summer 2022
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 513
Abstract: In a complex and volatile economic climate such as this, it’s important for business owners to use all the tools at their disposal to ensure their businesses stay on top of their game — especially when seeking financing to support ongoing operations or future expansion. This article highlights the importance of obtaining a professional business valuation — both in obtaining funding and in helping owners analyze their businesses’ current challenges, opportunities and expected cash flow.
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How to guard against payment app fraud
Summer 2022
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 656
Abstract: Payment apps, also known as peer-to-peer payment services, allow users to make instant payments to individuals and businesses outside of the traditional banking system. Unfortunately, the growing use of payment apps also has led to higher incidences of fraud associated with them. Fraudsters are taking advantage of two of the biggest benefits of using the apps — speed and convenience — and are using them against consumers. This article offers some tips to help consumers avoid being scammed.
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Tax strategies for cryptocurrency investors
Summer 2022
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 886
Abstract: Cryptocurrency gains and losses exist only on paper until investors realize them by selling or exchanging their investments. This article explains that investors who expect to realize net capital gains this year may want to harvest losses to offset those gains by selling cryptocurrency or other investments that have declined in value. It also notes that a big advantage of selling cryptocurrency is that it isn’t currently subject to the prohibition on wash sales. A sidebar points out, however, that the Build Back Better Act, which at press time was stalled in the Senate, would extend the wash sale rule to cryptocurrency.