MTC
Showing 17–32 of 262 results
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Corporations: Beware the accumulated earnings tax
Fall 2022
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 457
Abstract: A disadvantage of C corporation structure is the possibility of double taxation. A C corporation’s income is subject to two levels of income tax: once at the corporate level and a second time at the shareholder level when income is distributed in the form of dividends. This article explains that to avoid — or at least defer — double taxation, many corporations retain earnings rather than distributing them to shareholders. It points out, however, that this strategy can backfire by triggering the accumulated earnings tax (AET).
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Shopping around to get the best financing for your business
Fall 2022
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 609
Abstract: It can be difficult for a small business owner to discern what type of financing will best serve the business and help it thrive through difficult financial times. This article points out that whether it’s the need for new, more technologically advanced equipment or an opportunity to expand operations, owners need to shop around to familiarize themselves with the different financing options available before they “buy” into a particular borrowing strategy.
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How a life insurance trust could lower your estate taxes
Fall 2022
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 756
Abstract: In 2017, the Tax Cuts and Jobs Act significantly boosted the estate tax exemption, which is the amount of an estate that is exempt from taxation. This could change, however, if the estate tax exemption is cut in half in a few years as is currently scheduled. This article explains that it’s important for people to start thinking about how they can reduce or eliminate federal estate taxes if their estates will be larger than the new exemption amounts in 2026 and beyond. It suggests that one idea is to set up an irrevocable life insurance trust (ILIT), and discusses the ins and outs of that approach.
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Will you qualify for the home sale gain exclusion?
Fall 2022
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 880
Abstract: For most people, the home sale gain exclusion is the biggest tax break they’ll ever get. But the exclusion is subject to several complicated rules and limitations. This article notes that it’s important for individuals to plan carefully before they sell to shield as much of their profit from tax as possible. A sidebar discusses how a home office affects a home sale exclusion.
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Selling business property? Don’t overlook the purchase price allocation
Summer 2022
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 472
Abstract: The allocation of a property’s value between the building and the land can have significant tax implications for the property’s seller. This article explains that this is because gains on the sale of business property — to the extent of depreciation taken or allowed — is taxable at ordinary income tax rates up to 25%. The article notes that if the owner can demonstrate that most or all of the gain is attributable to increases in the value of the land, he or she may be able to reduce the tax burden significantly.
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An invaluable tool – Use a valuation to help your business stay competitive
Summer 2022
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 513
Abstract: In a complex and volatile economic climate such as this, it’s important for business owners to use all the tools at their disposal to ensure their businesses stay on top of their game — especially when seeking financing to support ongoing operations or future expansion. This article highlights the importance of obtaining a professional business valuation — both in obtaining funding and in helping owners analyze their businesses’ current challenges, opportunities and expected cash flow.
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How to guard against payment app fraud
Summer 2022
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 656
Abstract: Payment apps, also known as peer-to-peer payment services, allow users to make instant payments to individuals and businesses outside of the traditional banking system. Unfortunately, the growing use of payment apps also has led to higher incidences of fraud associated with them. Fraudsters are taking advantage of two of the biggest benefits of using the apps — speed and convenience — and are using them against consumers. This article offers some tips to help consumers avoid being scammed.
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Tax strategies for cryptocurrency investors
Summer 2022
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 886
Abstract: Cryptocurrency gains and losses exist only on paper until investors realize them by selling or exchanging their investments. This article explains that investors who expect to realize net capital gains this year may want to harvest losses to offset those gains by selling cryptocurrency or other investments that have declined in value. It also notes that a big advantage of selling cryptocurrency is that it isn’t currently subject to the prohibition on wash sales. A sidebar points out, however, that the Build Back Better Act, which at press time was stalled in the Senate, would extend the wash sale rule to cryptocurrency.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.