Management & Tax Concepts

MTC

Showing 1–16 of 242 results

  • 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.

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  • Got crypto? Pay attention to new reporting requirements for digital assets

    Spring 2022
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 483

    Abstract: Those who’ve invested in specific digital assets — including most cryptocurrencies and some nonfungible tokens (NFTs) — need to be aware that new tax reporting rules will take effect starting with the 2023 tax year. The rules were added by the Infrastructure Investment and Jobs Act enacted in November 2021. This article explains the new reporting requirements for digital assets.

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  • Now may be the time for a cost segregation study

    Spring 2022
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 523

    Abstract: For business owners, now might be an ideal time to conduct a cost segregation study. During the COVID-19 pandemic, many businesses made improvements to their workspaces to make them safer for workers. A cost segregation study can help maximize the tax benefits associated with these improvements. This article explains that such a study can help businesses increase depreciation deductions, reduce tax bills and boost cash flow.

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  • Lighting a FIRE under your financial goals

    Spring 2022
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 651

    Abstract: Many people have been rethinking their approach to work and employment, and the COVID-19 pandemic has only accelerated this trend. This article notes that one strategy some people are considering is the idea of retiring early — in fact, even as soon as their 30s or 40s. This goal, sometimes known as Financial Independence, Retire Early (FIRE), requires an extreme focus on saving and frugality. The article points out that even those whose goals don’t include early retirement may gain some useful tips from aspects of the FIRE strategy.

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  • Consider taxes when moving to a new state

    Spring 2022
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 897

    Abstract: One byproduct of the COVID-19 pandemic is that for many jobs, remote work is here to stay. With greater flexibility to work from anywhere, many people are considering moving further away from their jobs, even to a new state. This article explains that relocating to another state can create income tax complications, so people will need to familiarize themselves with potential tax issues before they make a move.

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  • How to avoid the federal cap on SALT deductions

    Winter 2022
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 394

    Abstract: In 2017, the Tax Cuts and Jobs Act placed a $10,000 cap on deductions of state and local taxes (SALT), effective through 2025. This article points out that one strategy for circumventing the federal SALT cap is an entity-level state tax on pass-through entities (PTEs), such as partnerships, S corporations and LLCs. The article explains how the PTE taxes typically work in the states.

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  • Go electronic: Digitize your important documents

    Winter 2022
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 594

    Abstract: In an age where nearly all facets of life are digitized, it may be time to consider electronic forms of document storage for both practical and environmental reasons. This article explains that if done properly, digital document storage can be a safe and efficient way to “keep” documents secure, even absent hard copies.

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  • What’s in your company’s financial statement?

    Winter 2022
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 581

    Abstract: For a business owner, getting a handle on the company’s financial statement — including the balance sheet, income statement and statement of cash flows — can help ensure that any business decisions are based on sound financial information. This article explains how a deep dive into the financial statement can help a business owner determine whether there are money issues lurking that need to be addressed.

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  • Beware the five-year rule – Understanding Roth IRA withdrawals

    Winter 2022
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 902

    Abstract: What makes Roth IRAs so appealing, primarily, is the ability to withdraw money from them tax-free. But to enjoy this benefit, there are a few rules individuals must follow, including the widely misunderstood “five-year rule.” This article explains the ins and outs of this rule. It also notes that care must be taken when withdrawing funds from a Roth IRA to avoid running afoul of the five-year rule and inadvertently triggering unexpected taxes or penalties.

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  • IRS audits may be set to increase

    Fall 2021
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 428

    Abstract: The Biden administration’s tax proposals include an additional $80 billion in funding for the IRS. Given the prospect of increased IRS enforcement activity in the future, this short article explains that now’s a good time for businesses to work with their accounting and tax advisors to be sure their books and records are complete and accurate.

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  • How to track your personal cash flow

    Fall 2021
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 614

    Abstract: Monitoring cash flow is one of the most important tasks for any business — and the same is true for families. Net worth, on its own, doesn’t give an idea of income and spending, which tend to be better indicators of true financial health. This article explains how to perform a personal cash flow analysis.

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  • The gift tax exclusion: The gift that keeps giving

    Fall 2021
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 757

    Abstract: Among the strategies for reducing the size of a taxable estate is the annual gift tax exclusion. But the exclusion can’t be carried forward and used in future years. In addition, this article points out that the current high exemption is likely temporary and scheduled to drop in 2026. This drop would reduce how much can pass estate-tax-free to heirs and suggests that 2021 might be a good time to make annual exclusion gifts.

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  • Unpaid payroll taxes? Watch out for the trust fund recovery penalty

    Fall 2021
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 905

    Abstract: The trust fund recovery penalty (TFRP) is one of the harshest penalties in the Internal Revenue Code. This penalty isn’t new, but the pandemic has thrust it into the spotlight. This article discusses how the TFRP applies and how liability is determined. A sidebar explains that shifting payroll tax liabilities to a certified professional employer organization (CPEO) can help ensure payroll taxes are paid properly.

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