MTC

Management & Tax Concepts

Showing 1–16 of 238 results

  • Got crypto? Pay attention to new reporting requirements for digital assets

    Spring 2022
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 483

    Abstract: Those who’ve invested in specific digital assets — including most cryptocurrencies and some nonfungible tokens (NFTs) — need to be aware that new tax reporting rules will take effect starting with the 2023 tax year. The rules were added by the Infrastructure Investment and Jobs Act enacted in November 2021. This article explains the new reporting requirements for digital assets.

    Read More

  • Now may be the time for a cost segregation study

    Spring 2022
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 523

    Abstract: For business owners, now might be an ideal time to conduct a cost segregation study. During the COVID-19 pandemic, many businesses made improvements to their workspaces to make them safer for workers. A cost segregation study can help maximize the tax benefits associated with these improvements. This article explains that such a study can help businesses increase depreciation deductions, reduce tax bills and boost cash flow.

    Read More

  • Lighting a FIRE under your financial goals

    Spring 2022
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 651

    Abstract: Many people have been rethinking their approach to work and employment, and the COVID-19 pandemic has only accelerated this trend. This article notes that one strategy some people are considering is the idea of retiring early — in fact, even as soon as their 30s or 40s. This goal, sometimes known as Financial Independence, Retire Early (FIRE), requires an extreme focus on saving and frugality. The article points out that even those whose goals don’t include early retirement may gain some useful tips from aspects of the FIRE strategy.

    Read More

  • Consider taxes when moving to a new state

    Spring 2022
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 897

    Abstract: One byproduct of the COVID-19 pandemic is that for many jobs, remote work is here to stay. With greater flexibility to work from anywhere, many people are considering moving further away from their jobs, even to a new state. This article explains that relocating to another state can create income tax complications, so people will need to familiarize themselves with potential tax issues before they make a move.

    Read More

  • How to avoid the federal cap on SALT deductions

    Winter 2022
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 394

    Abstract: In 2017, the Tax Cuts and Jobs Act placed a $10,000 cap on deductions of state and local taxes (SALT), effective through 2025. This article points out that one strategy for circumventing the federal SALT cap is an entity-level state tax on pass-through entities (PTEs), such as partnerships, S corporations and LLCs. The article explains how the PTE taxes typically work in the states.

    Read More

  • Go electronic: Digitize your important documents

    Winter 2022
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 594

    Abstract: In an age where nearly all facets of life are digitized, it may be time to consider electronic forms of document storage for both practical and environmental reasons. This article explains that if done properly, digital document storage can be a safe and efficient way to “keep” documents secure, even absent hard copies.

    Read More

  • What’s in your company’s financial statement?

    Winter 2022
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 581

    Abstract: For a business owner, getting a handle on the company’s financial statement — including the balance sheet, income statement and statement of cash flows — can help ensure that any business decisions are based on sound financial information. This article explains how a deep dive into the financial statement can help a business owner determine whether there are money issues lurking that need to be addressed.

    Read More

  • Beware the five-year rule – Understanding Roth IRA withdrawals

    Winter 2022
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 902

    Abstract: What makes Roth IRAs so appealing, primarily, is the ability to withdraw money from them tax-free. But to enjoy this benefit, there are a few rules individuals must follow, including the widely misunderstood “five-year rule.” This article explains the ins and outs of this rule. It also notes that care must be taken when withdrawing funds from a Roth IRA to avoid running afoul of the five-year rule and inadvertently triggering unexpected taxes or penalties.

    Read More

  • IRS audits may be set to increase

    Fall 2021
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 428

    Abstract: The Biden administration’s tax proposals include an additional $80 billion in funding for the IRS. Given the prospect of increased IRS enforcement activity in the future, this short article explains that now’s a good time for businesses to work with their accounting and tax advisors to be sure their books and records are complete and accurate.

    Read More

  • How to track your personal cash flow

    Fall 2021
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 614

    Abstract: Monitoring cash flow is one of the most important tasks for any business — and the same is true for families. Net worth, on its own, doesn’t give an idea of income and spending, which tend to be better indicators of true financial health. This article explains how to perform a personal cash flow analysis.

    Read More

  • The gift tax exclusion: The gift that keeps giving

    Fall 2021
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 757

    Abstract: Among the strategies for reducing the size of a taxable estate is the annual gift tax exclusion. But the exclusion can’t be carried forward and used in future years. In addition, this article points out that the current high exemption is likely temporary and scheduled to drop in 2026. This drop would reduce how much can pass estate-tax-free to heirs and suggests that 2021 might be a good time to make annual exclusion gifts.

    Read More

  • Unpaid payroll taxes? Watch out for the trust fund recovery penalty

    Fall 2021
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 905

    Abstract: The trust fund recovery penalty (TFRP) is one of the harshest penalties in the Internal Revenue Code. This penalty isn’t new, but the pandemic has thrust it into the spotlight. This article discusses how the TFRP applies and how liability is determined. A sidebar explains that shifting payroll tax liabilities to a certified professional employer organization (CPEO) can help ensure payroll taxes are paid properly.

    Read More

  • 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.

    Read More

  • 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.

    Read More

  • 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.

    Read More

  • 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.

    Read More