All Articles
Showing 49–64 of 10245 results
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Will the Corporate Transparency Act affect your business?
Year End 2023
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 676
Abstract: Businesses soon may need to meet a new reporting requirement mandated by the Corporate Transparency Act (CTA) and scheduled to take effect January 1, 2024. The CTA requires many companies to report beneficial owner information (BOI) to the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury. This article explains that the information reported is intended help prevent criminals, such as human and drug traffickers, from using anonymous shell companies to hide illicit proceeds.
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Push or pull? Coordinating your year-end tax moves
Year End 2023
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 901
Abstract: Despite some recent tax law changes, the year-end tax strategy of pushing income into 2024 to defer the tax normally due while at the same time pulling expenses into 2023 to offset a current tax liability still can make sense if tax rates are stagnant. This article offers several examples. A sidebar discusses what tax strategies make sense in regard to self-employment income.
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Contractors: Watch out for occupational fraud
Fall 2023
Newsletter: Construction Industry Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 430
Abstract: Construction businesses can be afflicted by occupational fraud in various places, including in the office and on the jobsite. That’s why they need to be particularly diligent when it comes to looking for and reacting to schemes. This article looks at some data from the most recent report published by the Association of Certified Fraud Examiners (ACFE) to help contractors know where to look.
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Tired of HR hassles? Consider a PEO
Fall 2023
Newsletter: Construction Industry Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 538
Abstract: Sometimes the most difficult part of running a business is dealing with payroll, benefits and other such matters. Enter the professional employer organization (PEO). PEOs are outsourcing providers that can relieve construction businesses, as well as other types of companies, from the hassles of human resources. This article examines the advantages and risks of partnering with one.
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Joint ventures offer both revenue and risk
Fall 2023
Newsletter: Construction Industry Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 655
Abstract: They’re hardly new to the industry, but joint ventures remain a tricky move for any construction business that’s largely unfamiliar with the process and experience. A carefully chosen and well-executed joint venture can indeed be profitable, but there are significant risks to consider. This article explores why contractors typically opt for a joint venture and discusses some of the common challenges involved.
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Cash flow strategies for construction companies
Fall 2023
Newsletter: Construction Industry Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 941
Abstract: Construction businesses play a dangerous game in having to invest heavily in the means to complete projects well before they get paid. The situation elevates cash flow management to a mission-critical activity. This article discusses some sound strategies for improving cash flow, such as preparing forecasts and staying on top of receivables. A sidebar notes that, under the right circumstances, switching tax accounting methods may boost cash flow.
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Tax Tips – Take advantage of the 0% tax rate
November / December 2023
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 444
Abstract: These brief tips explore the value of taking advantage of the 0% capital gains tax rate; explain that qualified businesses can still claim the Employee Retention Tax Credit; and detail the option of requesting a corporate tax refund.
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Renting to relatives? Beware of the tax pitfalls of family member rentals
November / December 2023
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 531
Abstract: If you own residential real estate, you may be considering renting it to family members. As rents continue to rise in many parts of the country, renting property at a discount to family members may seem like a good way to help relatives in need. But these arrangements are fraught with tax perils. A misstep can lead to the loss of significant tax deductions. This article reviews the tax treatment of rentals to unrelated parties and examines how renting to family changes the rules.
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Does a charitable remainder trust belong in your estate plan?
November / December 2023
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 564
Abstract: When it comes to tax-saving strategies, sometimes the current economic and financial environment can make one strategy more effective than another. That’s certainly the case with a charitable remainder trust (CRT). Indeed, CRTs are generally more attractive when interest rates are higher — and the prime lending rate is currently at its highest level since 2001. This article details how a CRT works and why it can benefit a person’s estate plan.
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Year-end tax planning strategies for businesses
November / December 2023
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 918
Abstract: As 2023 comes to a close, now is a good time for businesses to consider year-end moves that can help reduce their tax bills. This article explores several year-end tax planning strategies for businesses to consider. A brief sidebar answers the question of whether companies can write off bad business debts.
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Time to get serious about digital marketing
Fall 2023
Newsletter: Law Firm Management
Price: $225.00, Subscriber Price: $157.50
Word count: 407
Abstract: For many law firms, digital marketing remains an afterthought. But simply having a stagnant website, largely dormant blog and no social media presence won’t cut it, regardless of a firm’s size or specialty. This article highlights some best practices for law firms to consider.
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Is PTE tax attributable to a law firm? Understanding pass-through entity taxes
Fall 2023
Newsletter: Law Firm Management
Price: $225.00, Subscriber Price: $157.50
Word count: 552
Abstract: Law firms that elect pass-through entity (PTE) taxation at the entity level, rather than at the individual partner or member level, can run into some accounting difficulties. This article examines what firms need to know about PTE taxation and how to avoid trouble.
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Paying attention to payroll
Fall 2023
Newsletter: Law Firm Management
Price: $225.00, Subscriber Price: $157.50
Word count: 595
Abstract: Law firms might have added people to the payroll in the past year, or increased the amount of work they outsource to independent contractors. Hiring support staff, associates and partners and paying independent contractors can make payroll management — already a challenge for some firms — more difficult. This article presents some ways to keep payroll efficient and in compliance.
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Estate planning for attorneys – 5 tax-efficient tools to transfer personal wealth
Fall 2023
Newsletter: Law Firm Management
Price: $225.00, Subscriber Price: $157.50
Word count: 873
Abstract: The Tax Cuts and Jobs Act (TCJA) almost doubled the federal gift and estate tax exemptions. But the increased exemptions are scheduled to sunset after 2025. This article provides some tax-efficient methods that attorneys may want to consider for transferring their wealth. A brief sidebar looks at how the SECURE Act changed rules for inherited IRAs, as well as changes under proposed IRS regulations.
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Embrace construction technology to sharpen your competitive edge
November / December 2023
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 444
Abstract: One 2023 survey found that construction is viewed as “the least technologically proficient” industry in the United States. Well, that’s no good. On the bright side, there’s still plenty that contractors can do about it. This article discusses various ways that construction businesses can embrace tech to operate more competitively and attract younger workers.
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OSHA’s new recordkeeping rule will soon take effect
November / December 2023
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 533
Abstract: In July 2023, the Occupational Safety and Health Administration published its final electronic recordkeeping rule, which is scheduled to take effect Jan. 1, 2024. The rule expands current occupational injury and illness reporting requirements for construction and other designated high-hazard industries. This article explains what the rule means for construction businesses required to comply and why some industry groups have spoken out against it.