561

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  • Will CECL affect your incentive compensation plans?

    Summer 2020
    Newsletter: Community Banking Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 561

    Abstract: For most community banks, the current expected credit loss (CECL) model doesn’t take effect until 2023. Nevertheless, given the impact on banks’ financial statements and accounting processes, it’s a good idea to start preparing as early as possible. This article points out that it’s important for banks to understand CECL’s potential impact on incentive compensation plans. It discusses the impact of the new rules and what steps banks should take to prepare to implement the rules.

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  • Is your business a tax shelter?

    May / June 2020
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 561

    Abstract: Most people, when they hear the term “tax shelter,” imagine a tax-avoidance scheme of questionable legality. But while some tax shelters operate in legal grey areas, more often than not they involve legitimate tax-saving strategies. This article explains that, surprisingly, many ordinary businesses meet the broad definition of a tax shelter, a classification that can have negative tax consequences.

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  • An intrafamily loan is worth careful consideration

    December 2018
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 561

    Abstract: Intrafamily loans can provide family members with financial support and encourage children to learn financial responsibility, all without diminishing one’s “nest egg.” But there are risks to consider. This article explains how an intrafamily loan should work and what to watch out for.

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  • Ease new itemized deduction limitations using a nongrantor trust

    September / October 2018
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 561

    Abstract: Record-high exemption amounts mean that fewer families are affected by gift, estate and generation-skipping transfer (GST) taxes. As a result, the estate planning focus for many people has shifted from transfer taxes to income taxes. One tool that can be effective in reducing income taxes is a nongrantor trust, which offers a way around the new itemized deduction limitations imposed by the Tax Cuts and Jobs Act (TCJA). This article explains the role nongrantor trusts play in easing the itemized deduction limitations.

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  • How to be tax-smart when it comes to mutual funds

    June 2018
    Newsletter: Tax & Business Alert

    Price: $225.00, Subscriber Price: $157.50

    Word count: 561

    Abstract: Many people overlook tax considerations when planning their mutual fund investments. This article examines four techniques investors might consider, including avoiding year-end investments and investing in tax-efficient funds, if their portfolios include mutual funds. A sidebar explains how to account for cost basis.

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  • Your financial statement – Seek and you shall find the truth

    Spring 2018
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 561

    Abstract: Businesspeople who have a good handle on the three components of financial statements — the balance sheet, income statement and statement of cash flows — should be equipped to make smart business decisions. This article explains, in a nutshell, these three parts as well as financial statement figures and ratios worth monitoring.

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  • Revisions to federal rules target ESI

    Spring 2016
    Newsletter: Expert / Valuation & Litigation Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 561

    Abstract: Amendments to the Federal Rules of Civil Procedure that recently took effect include several provisions relating to electronically stored information (ESI). This article summarizes the ESI-related provisions. For example, preservation of ESI has been added to the list of permitted contents for scheduling orders and responding parties can now state that they’ll produce copies of documents or of ESI, instead of permitting inspection.

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  • Personal goodwill: It’s not just for professional firms

    May / June 2016
    Newsletter: Viewpoint on Value

    Price: $225.00, Subscriber Price: $157.50

    Word count: 561

    Abstract: Family courts across the country struggle with the issue of goodwill. In a recent divorce case, South Carolina adopted the majority view that business goodwill is a marital asset that’s subject to division but personal goodwill isn’t. This article explains the state Supreme Court decision to include business goodwill in marital estates and provides guidance on how to bifurcate goodwill into these two categories in future cases. Moore v. Moore, 2015 S.C., Opinion No. 27579, October 7, 2015

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  • Investment fraud: It could happen to your nonprofit

    Summer 2015
    Newsletter: Nonprofit Observer

    Price: $225.00, Subscriber Price: $157.50

    Word count: 561

    Abstract: Investment fraud can cause significant financial losses, but the harm it does an organization’s reputation with donors and the public may be even worse. This article describes a recent Ponzi scheme whose victims included nonprofits. It also suggests ways for organizations to avoid shady investment advisors and urges them to report any incident of investment fraud on their Form 990.

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  • Typosquatting scams: Could your borrowers be victims?

    October / November 2014
    Newsletter: Commercial Lending Report

    Price: $225.00, Subscriber Price: $157.50

    Word count: 561

    Abstract: A scam known as “typosquatting” involves the purchase of domain names in bad faith. It takes advantage of a tendency among Internet users to hit the wrong keys and enter misspelled trademarks or brands. Some of the worst fraudulent websites might feature phishing schemes or be used for corporate espionage. Revenues and business reputations are likely to suffer — making it harder to service debt. This article notes that it’s important for lenders to ask borrowers to disclose more about cyber threats, as well as any preventive measures, in their year end financial statements.

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  • New AICPA white paper offers fair value guidance

    Spring 2012
    Newsletter: Nonprofit Observer

    Price: $225.00, Subscriber Price: $157.50

    Word count: 561

    Abstract: Assessing the fair value of a nonprofit’s assets for financial statements isn’t an easy task. But a recent white paper issued by the American Institute of Certified Public Accountants (AICPA) should help clear up some uncertainty. This article notes that “Measurement of Fair Value for Certain Transactions of Not-for-Profit Entities” provides guidance for valuing three types of nonprofit transactions: unconditional promises to give cash or other financial assets; beneficial interests in trusts; and split interest agreements.

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  • The great nonprofit challenge – Finding new board members

    Spring 2011
    Newsletter: Nonprofit Observer

    Price: $225.00, Subscriber Price: $157.50

    Word count: 561

    Abstract: Although an underperforming board should always be a concern for nonprofits, weak leadership is particularly serious when budgets are tight and major strategic decisions need to be made. What’s more, government regulators are increasing their oversight of nonprofits and their boards, making finding and keeping dedicated directors essential to any organization’s future. This article offers advice on how to find board members who are enthusiastic about the nonprofit’s mission and are able to meet its changing needs and circumstances.

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  • Connecting the dot-coms in a trademark dispute

    February / March 2010
    Newsletter: Ideas on Intellectual Property Law

    Price: $225.00, Subscriber Price: $157.50

    Word count: 561

    Abstract: It’s well established that generic terms aren’t eligible for protection as trademarks or service marks. Some marketers, however, might try to bypass that problem by adding the suffix “.com” to an otherwise generic term in hopes of transforming it into a protectable brand name. The U.S. Court of Appeals for the Federal Circuit squared off with such a party in a case involving use of the word “hotels” in a name. In re HOTELS.COM, No. 08-1429, 2009 (Fed. Cir.)

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  • Shortcuts can be embarrassing — and costly

    September / October 2009
    Newsletter: Viewpoint on Value

    Price: $225.00, Subscriber Price: $157.50

    Word count: 561

    Abstract: This brief article warns that novice valuators who sidestep valuation procedures to save money — as well as clients who misrepresent the facts to skew valuation results — may be in for a rude awakening. Courts are becoming increasingly sophisticated in appraisal matters. When a valuator skips steps or fails to understand a company’s operations, the court is likely to discount — or even reject — the expert’s opinion. The article uses the recent case Burr v. Burr to illustrate this point. Case citation: Burr v. Burr (2008 WL 4906271, Mass. App. Nov. 18, 2008).

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  • 5 post-year-end tax strategies to reduce your 2007 tax bill

    January / February 2008
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 561

    Abstract: Now that you’ve “closed the books” on the 2007 tax year, you may think you’re finished tax planning for it. But there’s still time for you to implement these five post-year-end strategies that can reduce your 2007 tax bill. This article suggests making an IRA contribution, checking receipts, simplifying your retirement plan, reviewing losses and taking the expensing election.

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