Tax / Estate & Wealth Planning
Showing 17–32 of 2177 results
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Traveling for business in 2024? What’s deductible?
February 2024
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 616
Abstract: For employers and their employees traveling for business this year, there are a number of considerations to keep in mind. Under the tax law, in order to claim deductions, certain requirements for out-of-town business travel within the United States must be met. The rules apply if the business conducted reasonably requires an overnight stay.
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Tax Calendar
January 2024
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 344
Abstract: This calendar notes important tax deadlines for the first quarter of 2024.
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One reason to file your 2023 tax return early
January 2024
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 248
Abstract: The IRS will soon announce the opening of the 2023 individual income tax return filing season. Even for taxpayers who don’t typically file until much closer to the April 15 deadline (or file for an extension), it’s a good idea to file earlier this year. Why? One major benefit is to protect against potential tax identity theft.
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Appraisals aren’t just for businesses anymore
January 2024
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 379
Abstract: Anyone in the process of making a retirement or estate plan, or who intends to donate property to charity, needs to know the value of their assets. For many hard-to-value items — such as closely held business interests, real estate, art or collectibles — an appraisal may be necessary.
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First-year bonus depreciation and Sec. 179 expensing: Beware of pitfalls
January 2024
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 395
Abstract: Many businesses are eligible for current tax write-offs for certain equipment purchases and building improvements. These write-offs can do wonders for cash flow, but whether to claim them isn’t always an easy decision. In some cases, there are advantages to choosing the regular depreciation rules. This article looks at a couple of examples to show why it’s critical to look at the big picture and develop a strategy that aligns with a company’s overall tax planning objectives.
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The advantages of using an LLC for your small business
January 2024
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 525
Abstract: If a small business is operated as a sole proprietorship, the owner may have thought about forming a limited liability company (LLC) to protect his or her assets. Or, if the owner is launching a new business, he or she may want to know what options are available for setting it up. This article explains the basics of operating as an LLC and why it might be a good choice for a small enterprise.
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3 strategies for handling estimated tax payments
December 2023
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 270
Abstract: Self-employed individuals, and those with income from interest, rent, dividends and other sources, generally must pay estimated tax payments throughout the year. Mishandling these payments could trigger penalties. This brief article offers three strategies for getting it right, and a reminder that the next due date for estimated taxes is coming up fast: January 16, 2024.
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Consider the flexibility of a self-directed IRA
December 2023
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 407
Abstract: Traditional and Roth IRAs can be relatively “safe” retirement-saving vehicles, depending on what they’re invested in. But one drawback is that they limit the account owner’s investment choices. A self-directed IRA provides more flexibility in investment choices but comes with greater risk as well.
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Education benefits help attract, retain and motivate your employees
December 2023
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 491
Abstract: One popular fringe benefit that an employer can offer is an education assistance program that allows employees to continue learning, and perhaps earn degrees, with financial help from the employer. A business can attract, retain and motivate employees by providing these benefits so that team members can improve their skills and gain additional knowledge. An employee can receive, on a tax-free basis, up to $5,250 each year from his or her employer under a “qualified educational assistance program.”
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Use the tax code to make business losses less painful
December 2023
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 550
Abstract: Whether a business is new or established, losses can happen. The federal tax code may help soften the blow by allowing businesses to apply losses to offset taxable income in future years, subject to certain limitations.
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Separately managed accounts – An alternative to mutual funds for high-net-worth investors
November / December 2023
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 424
Abstract: Although mutual funds boast many benefits, they don’t give investors control over investment decisions, such as to buy or sell individual securities at year end. Individuals with considerable wealth may want to consider a separately managed account (SMA) instead. This short article defines SMAs and highlights their tax advantages.
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Does your estate plan account for your digital holdings?
November / December 2023
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 568
Abstract: Increasingly, clients are asking their advisors to include digital assets in their estate plans. The consequences of not doing so can be dire, as several high-profile cases of cryptocurrency owners have illustrated. This article looks at the types of digital assets to include and the best ways to provide them with legal protection.
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FAQs about maximizing FDIC insurance coverage
November / December 2023
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 640
Abstract: Most bank accounts are safe in the event of bank failure because they’re insured by the Federal Deposit Insurance Corporation (FDIC). This article reviews FDIC coverage limits. It explains concepts such as “ownership categories” and offers tips for increasing insurance coverage for large accounts.
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4 year-end tax moves for investors
November / December 2023
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 836
Abstract: As the year winds down, it’s a good time to implement year-end strategies that can potentially minimize taxes. This article offers four actions to consider taking: 1) Harvest losses or gains; 2) maximize retirement plan contributions; 3) take required minimum distributions from retirement accounts; and 4) make a qualified charitable distribution. The sidebar dispels a common misconception that investing in a mutual fund just before it makes distributions is like getting “free money.”
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Estate Planning Pitfall – You didn’t retitle assets to be included in a trust
Year End 2023
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 312
Abstract: There are numerous benefits of using a trust in an estate plan. However, if it’s not properly funded, it may not achieve a person’s ultimate estate planning goals. This brief article explains why it’s critical that all of the assets are titled to the trust.
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A strong marriage is a necessity when it comes to using a SLAT
Year End 2023
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 724
Abstract: When creating an estate plan, there’s a certain amount of prognosticating involved. What will one’s financial picture look like in years to come? How will estate tax laws change? No doubt one of the biggest challenges involved with estate planning is all the uncertainty. This article explains how a spousal lifetime access trust can provide flexibility to an estate plan.