General & Family Business
Showing 97–112 of 1042 results
-
How to secure a business bad debt deduction
June / July 2021
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 456
Abstract: This brief article highlights how businesses may be able to secure bad debt deductions. This tax treatment isn’t automatic. A business must be able to show that the debt in question is worthless. The article explains the ins and outs of claiming a business bad debt for 2021.
-
What new scam is this? Staying alert to evolving scams
June / July 2021
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 690
Abstract: Scams and frauds are nothing new. But individuals need to be aware of how scams change over time. This article lists some of the latest fraud schemes, including tech scams, IRS impersonators and mortgage closing scams. It notes that individuals who suspect they’re being victimized should consult an accounting professional for help.
-
Be creative to improve profits over the long haul
June / July 2021
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 708
Abstract: In a volatile economy, businesses that fail to think strategically and creatively may be at a competitive disadvantage. This article points out that management needs to assess the business environment as well as the company’s strengths and weaknesses. It also discusses how some sales and cost strategies can help a business stay financially solvent.
-
7 red flags for IRS audits
June / July 2021
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 871
Abstract: Recently, he overall IRS audit rate fell to a historical low of .4%. However, it’s as important as ever for people to toe the line so they don’t wind up as one of the “chosen few.” This article discusses some of the warning signs that might trigger scrutiny from the IRS. A sidebar highlights a few other potential trouble areas to look out for.
-
Enhanced charitable deductions in 2021
Summer 2021
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 367
Abstract: Those who are charitably inclined should keep in mind that last year’s CARES Act — supplemented by the Consolidated Appropriations Act of 2021 (CAA) — enhanced several charitable tax incentives for donations made through the end of 2021. For individuals who itemize, eligible charitable donations in 2021 are deductible up to 100% of adjusted gross income, a jump from 60%. This article discusses the requirements for this deduction as well as the above-the-line deduction for non-itemizers.
-
Pandemic planning – Stay on track with your college savings plans
Summer 2021
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 601
Abstract: One negative impact of the COVID-19 pandemic has been a disruption for some families in their well-laid college savings plans. This article explains why it’s wise to continue putting something away for college in a Section 529 plan, even if it’s less than before. The article also describes the different types of 529 plans and their requirements.
-
Crafting a buy-sell agreement
Summer 2021
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 655
Abstract: Most companies with more than one owner should have a buy-sell agreement in place. This article outlines some of the key considerations involved in developing this legal document.
-
Is your company eligible for these “small business” tax breaks?
Summer 2021
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 834
Abstract: Taxpayers who own small businesses may qualify for a variety of tax breaks that can slash their tax bills and reduce their administrative costs. And thanks to the Tax Cuts and Jobs Act, “small” is a lot bigger than it used to be. This article explains the new threshold for the small designation and describes business advantages. A sidebar covers the disqualification of tax shelters from the “small business” category.
-
How to benefit from the Work Opportunity Tax Credit
April / May 2021
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 441
Abstract: One strategy that may benefit both a business and its workers is to hire employees from specific “target” disadvantaged groups, thus enabling the business to qualify for the Work Opportunity Tax Credit (WOTC). Scheduled to expire after 2020, the WOTC was recently extended for five years, through 2025, by the Consolidated Appropriations Act. This article discusses the different target groups for whom the WOTC is available.
-
Protect family assets with a trust
April / May 2021
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 648
Abstract: Trusts can be a great way to protect family financial security, but each type of trust has its own benefits and drawbacks. This article looks at several types of trusts, including spendthrift trusts and offshore trusts. The article points out that it’s essential to examine the different types of trusts in detail with a financial advisor to ensure that the type of trust established will best protect assets going forward.
-
Should you adjust pay rates for remote employees living in lower-cost locations?
April / May 2021
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 695
Abstract: If a business’s compensation rates are relatively high because of the cost of living in the surrounding area, reducing pay for remote employees who move to lower-cost areas may seem to make business sense. But there are many factors to consider. This article takes a look at the advantages and disadvantages of various approaches and notes the importance of relying on solid compensation data to support the most appropriate compensation approach, given the business’s circumstances.
-
Chances of qualifying for medical deduction are looking better
April / May 2021
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 849
Abstract: The Consolidated Appropriations Act extends the lower deduction floor for medical expenses past its scheduled expiration date. Even better, the new law change is permanent, meaning it has no expiration date. This article explains that taxpayers can benefit from this provision until Congress changes the threshold again — so, they might have a better chance of qualifying for a deduction this year, next year or beyond than in the recent past.
-
Businesses can 100% deduct business meals through 2022
Spring 2021
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 360
Abstract: Recent legislation designed to assist the restaurant industry is also a big pleaser for businesses. The Taxpayer Certainty and Disaster Tax Relief Act (TCDTRA) suspends the 50% deduction limit for certain meals for calendar years 2021 and 2022. It allows businesses to deduct 100% of the cost of business-related meals provided by a restaurant. This article explains the legislation in a nutshell.
-
3 financial lessons from the pandemic
Spring 2021
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 517
Abstract: COVID-19’s rapid spread and the economic havoc that followed are vivid reminders of how unpredictable and volatile the broad economy — and each family’s personal finances — can be. This article discusses three financial lessons to be learned from the pandemic.
-
An extended Paycheck Protection Program – The latest changes are beneficial for borrowers
Spring 2021
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 802
Abstract: On December 27, 2020, President Trump signed the Consolidated Appropriations Act into law. The legislation extends, liberalizes and expands the Paycheck Protection Program. The latest round of the program permits eligible small businesses to take out loans and so-called second-draw loans if they’re already participants. This article explains the major changes in the program that benefit borrowers.
-
Shifting gears: Planning tips for retirement
Spring 2021
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 806
Abstract: Tax planning in retirement is just as important as it is during one’s working years. Strategies that reduce an individual’s tax burden can help increase the chances that savings will last a lifetime. This article offers several tips for minimizing taxes during retirement, from creating a budget to strategically withdrawing savings. A sidebar briefly describes how tax-free capital gains is an option for some.