General & Family Business
Showing 17–32 of 1042 results
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How can you mitigate the tax impact of R&E expenses?
Summer 2023
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 446
Abstract: Businesses with significant research and experimentation (R&E) expenses need to review those expenses and evaluate their R&E tax strategies as a result of an amendment to the Tax Cuts and Jobs Act (TCJA). This article explains that currently, the amendment requires R&E expenses to be capitalized and amortized over five years (15 years for research activities conducted outside the United States). It points out that, though a legislative solution remains a possibility down the road, for now businesses are stuck with the capitalization requirement and should evaluate its impact on their tax bills.
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How to use stock options to recruit — and retain — employees
Summer 2023
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 647
Abstract: In an economy where the unemployment rate continues to be low, businesses are left with a conundrum: How can they hire and retain the best possible staff when potential job candidates have a wide range of positions to choose from? This article explains that to attract the highly skilled and motivated people a business needs to succeed, thinking beyond salary and benefits is key. It notes that one strategy to consider is to offer stock options as an incentive.
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The pros and cons of opening a self-directed IRA
Summer 2023
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 648
Abstract: Individual Retirement Accounts (IRAs) are one of the most popular tools used by Americans to save money for retirement. However, IRAs have limitations when it comes to the different ways to invest retirement savings. This article highlights a special type of IRA that lets individuals hold alternative investments in their retirement accounts: the self-directed IRA (SDIRA).
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Keeping up with interest rates – Try these estate planning strategies when interest rates rise
Summer 2023
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 926
Abstract: The success of many estate planning techniques is tied to interest rate levels. Some vehicles — such as grantor retained annuity trusts, charitable lead annuity trusts and intrafamily loans — work best when interest rates are low. Others, such as charitable remainder trusts and qualified personal residence trusts, become more effective as interest rates rise. This article points out that, due to recent interest rate increases, now may be a good time to consider estate planning vehicles that offer the greatest potential when interest rates are higher.
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New law delays RMDs for some retirees
June / July 2023
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 483
Abstract: Thanks to the new law passed at the end of 2022 — commonly known as the SECURE 2.0 Act — it may be possible for those in their late 60s or early 70s to delay taking required minimum distributions (RMDs) from IRAs and qualified retirement plans like 401(k)s. This gives individuals even more time to build up tax-deferred retirement savings. This article also points out that, if an individual fails to take RMDs in time, the new law significantly reduces the applicable tax penalty.
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Steady as she goes – Use a buy-sell agreement to stay afloat during turbulent times
June / July 2023
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 775
Abstract: In this volatile and unpredictable economic environment, businesses may be forced to go through many transitions as they continue to maintain operations. Business owners keep their operations running smoothly by seeking any possible methods for reducing risk — and maintaining stability and profitability going forward. This article offers one common-sense approach to consider: establishing a buy-sell agreement. It notes that even if a business already has an agreement, it’s a good idea to review it periodically in light of ongoing changes to the business or ownership.
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Steps to take before — and after — a layoff
June / July 2023
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 765
Abstract: In the first two months of the year, hundreds of technology companies announced layoffs, up from a handful a year earlier. It’s unclear what, if anything, these layoffs portend, or whether they’ll have a ripple effect on other industries. But for those employed in an industry facing headwinds or hearing talk of reorganization, this article suggests that there are several steps these employees can take to blunt the potential financial impact of being laid off. Those steps include reviewing their finances, reviewing health insurance and maintaining an emergency savings fund.
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Need a retirement plan? Keep it SIMPLE
June / July 2023
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 897
Abstract: Business owners who recently started a new venture — or expanded an existing one — may be looking for a qualified retirement plan to help attract and retain top-notch workers as well as saving for their own retirements. This article notes that while there are several options, a Savings Incentive Match Plan for Employees (SIMPLE) could be a good fit. As the name implies, the design is simple and reporting is minimal. In addition, the new SECURE 2.0 Act enhances the benefits for certain plan participants.
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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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To amend a return or not to amend? That may be the question for filers
April / May 2023
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 502
Abstract: The question of whether to have an amended return filed for 2022 has to be decided individually on its own merits. This article points out that there’s a general consensus that an individual should file an amended return immediately if he or she owes more tax as a result of an omission or misstatement. It notes that this can be a tougher call if the tax was overpaid by a small amount.
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Use crowdfunding to jump-start your business
April / May 2023
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 668
Abstract: For a business that could use additional funding — perhaps to launch itself or to introduce a new product — “crowdfunding” might be a solution. This article explains that crowdfunding refers to raising money using online platforms. It lists the various types of crowdfunding available, such as rewards-based and equity-based, and notes some laws and regulations relevant to the crowdfunding model.
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A fair shake – How to implement a pay raise program that pays off
April / May 2023
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 692
Abstract: At a time when many businesses are competing for what appears to be a shortage of excellent employees, payment is one of the most important issues. This article explains that a business needs to have a pay scale in place commensurate with other businesses in the same industry. The article suggests some factors to consider as business owners evaluate their pay raise systems to ensure that they meet business goals and those of employees going forward.
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6 ways to beat the tax clock
April / May 2023
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 957
Abstract: Tax Day 2023 — the deadline for filing individual 2022 tax returns — is right around the corner. But as this article points out, there’s still time left for individuals to lower their 2022 tax bills if they act fast. The article offers six last-minute strategies to consider, including catching up on IRA contributions and carrying over capital losses. It notes that individuals need to think both short- and long-term to gain the most from these strategies. A sidebar discusses the benefits for small business owners of putting money in a Simplified Employee Pension (SEP) for retirement purposes.