General & Family Business

Showing 1–16 of 962 results

  • 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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  • 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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  • 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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