Management & Tax Concepts
Showing 49–64 of 262 results
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Temporary allowance of NOL carrybacks creates refund opportunity
Fall 2020
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 326
Abstract: For businesses that experience losses this year, a provision of the CARES Act may deliver a welcome cash flow boost. The act temporarily lifts restrictions on NOL carrybacks. This allows businesses to offset losses against income earned in previous years and claim a tax refund.
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Want to trade? In a down economy, bartering might be worth considering
Fall 2020
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 528
Abstract: Businesses sometimes find trading an item or a service to be beneficial. And bartering, or exchange, websites have gained sophistication over the years. A company can exchange almost anything without money changing hands, an avenue that might be appealing during the current economic downturn. This article discusses the two main bartering options: bartering directly with another business or turning to an exchange company that streamlines the process.
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3 year-end tax planning tips
Fall 2020
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 589
Abstract: The year 2020 has been a tumultuous one, and an unusual one for taxpayers. As the year draws to a close, year-end tax planning may be more important than ever before. This article presents three tax strategies to consider: making substantial gifts to family members, donating to charity and doing a Roth conversion.
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The CARES Act provides some retirement plan flexibility
Fall 2020
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 991
Abstract: Many Americans plan carefully to save enough money for a comfortable retirement. But events outside of your control can affect your retirement plans. For example, economic hardship might force some savers to withdraw funds from their retirement nest eggs this year. The CARES Act, signed into law in March, may provide some relief to such individuals. A sidebar notes that it also provides relief for student loan borrowers and homeowners.
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How the SECURE Act could affect retirement planning
Summer 2020
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 668
Abstract: In late 2019, landmark legislation was signed into law that will impact retirement planning for millions of Americans. The Setting Every Community Up for Retirement Enhancement (SECURE) Act will make it easier to save money for a financially secure retirement. This article discusses the Act’s beneficial provisions as well as one provision that isn’t helpful: the elimination of “stretch” IRAs.
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Business strategies – Stay steady in a troubled economy
Summer 2020
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 528
Abstract: The COVID-19 pandemic has done severe economic damage to many U.S. businesses, and it will likely take considerable time to recover. Here are some tried-and-true suggestions to help keep a business on track and come out strong on the other side.
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CARES Act increases charitable donation deduction opportunities
Summer 2020
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 865
Abstract: One way the CARES Act is trying to help during the COVID-19 crisis is by increasing available tax deductions this year for individuals and businesses contributing to charity. This article explains the basics of donation deductions and describes how the Act makes four significant liberalizations to the charitable deduction rules. A sidebar highlights retirement plan distributions that may be affected by the legislation.
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Businesses can now enjoy faster depreciation of real estate qualified improvement property
Summer 2020
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 443
Abstract: A technical correction in the CARES Act, signed into law in late March, retroactively allows real property owners to depreciate qualified improvement property faster than before. The change could lower some tax bills for 2018 and beyond. This article describes the drafting error and explains the impact of the correction, including the possible benefit of filing amended tax returns and receiving a refund.
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Consider a cost segregation study – It’s one way to boost your cash flow
Spring 2020
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 441
Abstract: For businesses planning to buy, build or substantially improve real property, a cost segregation study can help accelerate depreciation deductions, reducing taxes and boosting cash flow. Lookback studies can also be done for prior years. This article explains how cost segregation studies work and how tax deductions are recovered.
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Oops, you overfunded your 529 plan — now what?
Spring 2020
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 594
Abstract: If money is held too long in a Section 529 college savings plan, there could be tax consequences. This article describes alternatives for savers who have overfunded their accounts.
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Stock options — the right carrot in today’s job market?
Spring 2020
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 634
Abstract: When nationwide unemployment is minimal, companies may struggle to fill staff positions. This article describes how offering equity-based compensation to job candidates is one recruitment strategy to consider. Stock options have proved to be an effective tool for attracting executives and other employees, as well as retaining and motivating them. Highlighted are ISOs, NQSOs and restricted stock.
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Rental real estate – Determining if a property is a business or an investment
Spring 2020
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 865
Abstract: If you own rental real estate, its classification as a trade or business rather than an investment can have a big impact on your tax bill. The distinction is even more important now considering the 20% qualified business income (QBI) deduction for certain sole proprietors and pass-through entity owners. This article provides a brief overview of the deduction and rental real estate guidance related to it. A sidebar spotlights the IRS definition of “real estate professional” as it relates to this tax matter.
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Congress enhances taxpayer rights with the Taxpayer First Act
Winter 2020
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 418
Abstract: The TFA, signed into law in July 2019, expands and strengthens taxpayers’ rights and protections in their dealings with the IRS. This article highlights the Act’s key provisions: the independent appeals process, third-party contracts, innocent spouse relief, and cybersecurity and identity theft protection. Technological improvements are also summarized.
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Keep these trustee traits front and center
Winter 2020
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 614
Abstract: A critical but often overlooked aspect of estate planning is deciding who will serve as the trustee for your estate. This person will be responsible for managing all related financial, tax and administrative affairs and, therefore, should be chosen carefully. This article addresses the trustee’s duties and the decision about whether to designate an individual or a corporate trustee to handle settling the estate. Trustee services and fees also are discussed.
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Sailing the seas of business on a healthy cash flow
Winter 2020
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 680
Abstract: Pulling in revenue that will ultimately boost the bottom line is every business’s goal. However, keeping the company in prime shape to seize profitable opportunities and overcome financial challenges is related to another objective: having a healthy cash flow. This article explains two cycles important to a healthy flow: the sales cycle and disbursements cycle. The importance of complete and accurate accounting also is discussed.
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Partnerships: Are you ready for the new IRS audit rules?
Winter 2020
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 842
Abstract: It’s critical for partnerships, including limited liability companies taxed as partnerships, to consider the potential impact of “centralized audit” rules that are now in force. This article outlines steps you can take before an IRS audit to minimize the burden. This includes opting out of the new rules (if eligible), amending your partnership agreement and appointing an appropriate “partnership representative.” A sidebar discusses the procedure for “opting out” of the rules.