General & Family Business

Showing 65–80 of 950 results

  • The best of both worlds? A new option for long-term care insurance

    April / May 2020
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 835

    Abstract: Premiums for traditional long-term care insurance often run thousands of dollars per year per person. Individuals are forced to weigh this cost against the likelihood that they may end up not tapping into their policies. This article discusses a new hybrid life and long-term care policy that might address the concerns with traditional long-term care coverage. It combines life and long-term care insurance, typically by adding a long-term care rider to a traditional life insurance policy — thus reducing the “use it or lose it” risk of traditional long-term care policies. A sidebar offers some other hybrid policy benefits and caveats.

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  • How rental real estate businesses can sail into a tax deduction safe harbor

    February / March 2020
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 432

    Abstract: Revenue Procedure 2019-38, issued by the IRS in 2019, creates a safe harbor permitting certain interests in rental real estate to qualify for the Section 199A qualified business income (QBI) deduction. This article explains what criteria taxpayers must meet to treat their rental real estate enterprises as businesses. It also notes that even an interest in a real estate property that fails to meet the safe harbor requirements may still be treated as a trade or business for the Sec. 199A deduction if it is rented or licensed to a trade or business conducted by the individual or relevant pass-through entity.

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  • Save income taxes by including nongrantor trusts in your estate plan

    February / March 2020
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 588

    Abstract: Estate planning strategies vary as new rules change the playing field. Now that fewer taxpayers are likely to be subject to federal gift and estate tax, many families are focusing more on income tax strategies in their estate plans. This article discusses one such strategy — including one or more nongrantor trusts to help reduce any negative tax impact of the Tax Cuts and Jobs Act’s (TCJA’s) itemized deduction limitations. The article uses a hypothetical example to show how using a nongrantor trust has the potential to help increase deductions.

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  • Investing in home renovation – Will yours pay off?

    February / March 2020
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 643

    Abstract: The potential resale value of, say, a kitchen or bath redo often is one consideration when deciding how to allocate a renovation budget. This article discusses some renovation projects that typically return most of their investment, such as garage door replacements and manufactured stone veneers. The article points out that ensuring that basic plumbing, roofing and other systems are in good working order also is critical in attracting buyers. And it offers some tips for gaining the most from a remodeling project.

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  • New overtime pay rules for 2020

    February / March 2020
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 774

    Abstract: The new rules governing overtime pay, which the Department of Labor (DOL) announced in September 2019, carry an effective date of January 1, 2020. The changes are significant, so it’s important for businesses to ensure compliance with them. This article notes the biggest change, which is the increase in the earnings threshold required to exempt many executive, administrative and professional employees from the minimum wage and overtime requirements of the Fair Labor Standards Act (FLSA). The article explains which businesses will be most affected and how to claim an exemption from overtime regulations for specific types of employees. A sidebar suggests that judicious use of overtime is one strategy for keeping budgets in check.

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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.

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  • Tax calendar

    Winter 2020
    Newsletter: Business Matters

    Price: $225.00, Subscriber Price: $157.50

    Word count: 398

    Abstract: This calendar notes important tax deadlines for the first quarter of 2020.

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  • Do you know your tax bracket?

    Winter 2020
    Newsletter: Business Matters

    Price: $225.00, Subscriber Price: $157.50

    Word count: 234

    Abstract: The Tax Cuts and Jobs Act generally reduced individual tax rates through 2025, but some taxpayers have actually seen their taxes go up because of reductions or eliminations of certain tax breaks. This brief article explains why it’s important for taxpayers to know their brackets.

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  • Every business owner needs an exit strategy

    Winter 2020
    Newsletter: Business Matters

    Price: $225.00, Subscriber Price: $157.50

    Word count: 363

    Abstract: Business owners must monitor the cash flow and tax positions of their companies, while also looking out for their own personal financial futures. This article looks at how to lay the foundation for a strong exit strategy using a buy-sell agreement and family-focused succession planning techniques.

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  • What to do about fraudulent credit or debit card charges

    Winter 2020
    Newsletter: Business Matters

    Price: $225.00, Subscriber Price: $157.50

    Word count: 376

    Abstract: It’s an awful feeling for anyone to learn that his or her credit or debit card has been used fraudulently. Whether the cardholder is liable typically depends on the type of card, whether he or she still possesses the card and when the card issuer is alerted. This article provides further details.

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  • Determining an employee’s “home” for reimbursement purposes

    Winter 2020
    Newsletter: Business Matters

    Price: $225.00, Subscriber Price: $157.50

    Word count: 520

    Abstract: Despite the prevalence of Web-based meetings, many of today’s businesses still have plenty of employees who travel. For companies that reimburse employees on a tax-free basis for travel expenses, it’s important to stay up to date on the rules that determine the location of a person’s tax home. This article discusses the IRS’s three-factor test to determine whether an employee with no principal workplace has a tax home or is an itinerant.

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  • Don’t let your tax obligations for statutory employees fall through the cracks

    Year End 2019
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 428

    Abstract: Many businesses work with outside contractors. Statutory employees are in a category that falls somewhere between employee and independent contractor. Whether workers are considered statutory employees can have a significant impact on certain tax obligations. This article explains the criteria the IRS uses to classify employees as statutory and discusses the potential tax impact for employers.

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  • Feast or famine: Protecting a windfall

    Year End 2019
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 551

    Abstract: Receiving an inheritance, a legal settlement or prize winnings may seem wonderful, but it can also raise new problems. It’s important for recipients to use smart strategies that will help ensure the money continues to grow over the long term. This article offers some guidelines and advice for recipients that will help them avoid potential traps and pitfalls. It suggests that it’s a good idea to determine the tax obligations on the amount received, pay off any debt and increase savings before spending the money. The article points out that, with care, thought and planning, a windfall can help provide financial security.

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