FOC

Showing 33–48 of 385 results

  • Pumping up tax breaks for company gyms

    April / May 2022
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 460

    Abstract: The COVID-19 pandemic has caused many employers to rethink the way they’re using their physical premises. Businesses may now have fewer workers coming regularly to the office and may want to develop different uses of the space to better accommodate operations. One idea is to create an on-site athletic facility for employees. This article explains that besides creating goodwill and improving morale, this can result in a big tax payoff.

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  • Innovation can help your business thrive

    April / May 2022
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 596

    Abstract: The COVID-19 pandemic has been a major blow to large parts of the economy. Although many businesses have managed to survive in these volatile and unpredictable conditions, some may be teetering on the edge of financial stress. This article notes that in difficult economic times, business as usual may not be sufficient to sustain profitability. It suggests that businesses should continually re-evaluate and re-imagine business operations to ensure they stay financially secure.

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  • Planning to unretire? What to consider before re-entering the workplace

    April / May 2022
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 639

    Abstract: For many people, retiring from regular work is the ultimate goal. But for some retired people, “unretiring” can offer camaraderie, mental stimulation and a healthier bank account. This article explains, though, that before making the leap, individuals need to understand how taking this step can impact their Social Security benefits and Medicare coverage. It also provides a brief summary of the pertinent details.

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  • Don’t sleep on the dependent care credit

    April / May 2022
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 877

    Abstract: There’s good tax news — and bad tax news — for parents who pay someone to watch their young children while they are at work. This article explains that under the American Rescue Plan Act, the dependent care credit for qualified expense was generally enhanced, providing bigger tax savings on 2021 returns. It also notes that the revamped credit is completely phased out for some high-income taxpayers. A sidebar discusses other options for the dependent care tax credit.

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  • Love, honor — and pay taxes – A closer look at the marriage penalty

    February / March 2022
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 443

    Abstract: The marriage penalty isn’t a specific provision in the Internal Revenue Code. But in certain circumstances, a married couple can end up paying more tax collectively than they would owe if they were each taxed as single filers. This article takes a look at how it works and how recent tax legislation has helped alleviate the penalty.

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  • Does it make sense to outsource your payroll?

    February / March 2022
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 638

    Abstract: Ensuring employees are paid on time and for the right amounts, while also complying with the myriad regulations that govern wages and employment taxes, is critical to any business. It’s also often time-consuming and complicated. Along with the many regulations that govern paying employees, you need to safeguard all employees’ confidential information. This article suggests that to make sure all the bases are covered, businesses might consider hiring a payroll service provider to capably take on these responsibilities.

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  • Staying on top of collections

    February / March 2022
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 699

    Abstract: It’s important for business owners to be aware of any red flags that prospective customers could be payment risks. And, if payment issues do arise, owners must act quickly to head off trouble. This article lists some warning signs of possible future collections problems to help business owners reduce risk when taking on new customers.

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  • It’s all in the family – Tax breaks that may benefit parents and children

    February / March 2022
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 868

    Abstract: Federal tax law already included many family-friendly provisions before some 2020 and 2021 legislation enhanced several tax breaks that benefit parents and children. With that in mind, this article offers some tax-saving opportunities taxpayers may be able to take advantage of on their 2021 income tax returns. A sidebar discusses the tax implications of adopting a child in 2021.

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  • 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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