MTC
Showing 177–192 of 262 results
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The IRS wants to help you with worker classification
Fall 2012
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 781
Abstract: With mobile technology widely available and so many jobs lost following the 2008 financial crisis, many workers have gone solo. These independent contractors can be a great boon to employers looking for expertise on a short-term basis. But they also bring the risk of worker misclassification — and unwanted IRS attention. This article explains the differences between an employee and an independent contractor. It also describes an IRS program that allows employers who have inadvertently misclassified employees as independent contractors to voluntarily reclassify them and thus face greatly reduced liability for past taxes.
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Making the connection – How identity theft and credit score are inextricably linked
Fall 2012
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 518
Abstract: Many individuals, even relatively wealthy ones, support their lifestyles through debt. Doing so isn’t necessarily a bad thing as long as the debt is managed reasonably and risk is minimized. But one risk to be aware of is the inextricable link between identity theft and credit score. If the crime goes undetected, a credit score could plummet — and the recovery process may take months. This article shows how to manage the risk of an identity fraudster undercutting one’s credit score.
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3 things we do know about estate planning right now
Fall 2012
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 492
Abstract: We may not know a number of things about estate planning right now, since it’s uncertain what legislation Congress may or may not pass before year end. But this article describes three basic facts about estate planning that remain true regardless of what the near future holds: 1) gifting is good; 2) trusts still matter; and 3) disclaimers can help.
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Save while you wait — Net operating loss rules offer tax relief in uncertain economy
Fall 2012
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 1019
Abstract: Some tax relief may be available for companies that suffer a net operating loss (NOL). This article describes a couple of options available in reporting the loss, along with the circumstances — for example, business structure, cash flow and tax rates — under which one or the other option might be a better choice. A sidebar looks at a couple of year end tax planning issues: 1) a tax credit for hiring veterans and 2) choosing between 50% bonus depreciation and the Section 179 expensing election.
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Gift tax planning — Divide and cope with a split-dollar arrangement
Summer 2012
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 509
Abstract: Looking into ways to cope with future gift tax liability is a good idea — especially this year: The present $5.12 million gift tax exemption is scheduled to drop down to just $1 million in 2013. One strategy to consider: a split-dollar insurance arrangement. This article examines how establishing an irrevocable life insurance trust (ILIT) to buy and hold a life insurance policy can set the table for a split-dollar arrangement that helps transfer wealth effectively.
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401(k) loans: Know what you’re getting into
Summer 2012
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 492
Abstract: Taking out a 401(k) loan may seem an easy route to needed cash. Neither income level nor credit score will come into play, and the paperwork is fairly simple. But it’s important to understand the downsides. This article explains some of the financial disadvantages that can be involved with a 401(k) loan — particularly if the borrower suffers a job loss during the payback period.
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Strong collections call for a green thumb
Summer 2012
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 744
Abstract: Some business owners feel that, once they have a collection process in place, everything should take care of itself. But, more often than not, strong collections are a growth process. Like a gardener, one must sow the seeds of trustworthy payors, tend to the relationships that grow and, occasionally, trim some leaves off the vine. This article explains how to attract the right customers and develop and manage them. It also explains how to handle slow-paying customers.
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What are they up to now? — Competitive intelligence can provide strategic insights
Summer 2012
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 1018
Abstract: All too often, businesses seek to develop better products and services without knowing enough about their competition. To truly hone the edge they’re looking for, companies need to constantly ask one simple question: “What are they up to now?” And the best way to get answers is through competitive intelligence — the process of legally and ethically gathering data on competitors. This article lists four main principles of a competitive intelligence policy and explains how to execute it. A sidebar describes how competitive intelligence software can help.
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Now is a good time to consider a Roth IRA conversion
Spring 2012
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 487
Abstract: With tax rates scheduled to go up in 2013, now is a good time to consider converting a traditional IRA to a Roth IRA. This article explains why by pointing out the differences between the two types of IRAs and showing the tax and estate planning advantages of the Roth version.
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Divide and conquer? Separate entities can cure some problems, cause others
Spring 2012
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 662
Abstract: Sometimes a company evolves to the point where different segments don’t work well together or multiple owners find themselves unable to agree on a strategic direction. Dividing the business into separate entities may provide a way to conquer such dilemmas. But doing so may create some problems as well. This article explains how to design splits as tax-free transactions and shows how splitting the business may also affect personal finances.
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Caring for an aging parent could earn you a tax break
Spring 2012
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 465
Abstract: Those who are caring for an aging parent and children — or just a parent, for that matter — may find it possible to earn a tax break to ease the stress and financial burden of the situation: the adult-dependent exemption. This article explains the basic qualification requirements, along with factors that can affect qualification.
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Believe in your business budget
Spring 2012
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 1030
Abstract: A budget represents the numerical battle lines in which a business fights to succeed in the coming year. To this end, it’s advantageous to do an early review of the budget now, while there’s still plenty of time to make sensible adjustments. The key is to keep the budget in mind as the year progresses and rework it as new information becomes available. This article explains how to do so and looks at the three primary components of a budget: the income statement, cash flow statement and balance sheet. A sidebar notes the importance of making sure the budget doesn’t ignore impending tax liability.
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Tick, tock … an important doc — Why your corporate minutes matter
Winter 2012
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 500
Abstract: Keeping an accurate record of corporate minutes may not seem very exciting. But companies that let their documentation skills slip in this area could be unnecessarily exposing themselves to significant risk. This article explains which companies are required to keep minutes — and how all companies can use an accurate record of minutes for risk management, tax preparation and strategic planning.
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Reviewing your personal banking needs
Winter 2012
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 496
Abstract: Perhaps the biggest change in banking over the last decade or so has been the mass migration from brick and mortar banks to online banking. But, depending on individual needs, it may be best to use one or the other, or a combination of both. As this article discusses, this is one of a number of considerations customers should address in periodically reviewing their banking needs.
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Is your company headed for trouble with its travel expenses?
Winter 2012
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 719
Abstract: In spite of videoconferencing technology and high gas prices, business travel goes on, and companies can’t slack off on the proper tracking and reporting of travel expenses. The IRS, as always, is watching. This article explains how “away from home” is defined for deduction purposes, and what expenses can be deducted. It also discusses the difference between “accountable” and “nonaccountable” reimbursement plans.
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Education funding today — 529 plans offer flexibility in uncertain times
Winter 2012
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 880
Abstract: 529 plans provide a way to help fund a loved one’s college education. This article explains their two varieties — the college savings plan and the prepaid tuition plan — and the features that make them flexible investment tools. It also notes their tax benefits, but points out that some investment risk is involved, as well. A sidebar shows how 529 plans offer estate planning opportunities.