561
Showing 1–16 of 19 results
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It’s time to analyze your research expenditures
Winter 2023
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 561
Abstract: Recent changes to the tax treatment of research expenditures are having a big impact on many manufacturers’ tax bills. The most significant change took effect in 2022 pursuant to the Tax Cuts and Jobs Act (TCJA). Given the potential impact of possible deductions, manufacturers should conduct a study of their research expenditures and consider strategies for reducing their tax bills. This article reviews the changes made by the TCJA and the Inflation Reduction Act of 2022.
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Teaching your kids the basics of money management
September / October 2022
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 561
Abstract: Kids are never too young to learn about money and how to manage it responsibly. This article advocates customizing money messages to children’s ages and interests. It makes specific suggestions for young children, grade schoolers, tweens and adolescents. For example, 4-year-olds usually can understand the difference between needs and wants, while high schoolers may be ready to handle a credit card.
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Appellate court overturns ruling based on “incompetent” valuation
July / August 2022
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 561
Abstract: Weak valuation testimony may sometimes satisfy a jury. But it can come back to haunt clients on appeal. This article explains how a government agency learned that lesson the hard way in a recent Pennsylvania eminent domain case. State Route 00700, Section 21H v. Bentleyville Garden Inn, Inc., No. S-21-133 (Pa. Commonwealth Oct. 1, 2021).
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Save money by shifting credit card fees
Winter 2022
Newsletter: Law Firm Management
Price: $225.00, Subscriber Price: $157.50
Word count: 561
Abstract: The acceptance of digital forms of payment, including credit cards, has become ubiquitous across industries. But some law firms have yet to get on board — even though electronic payments often improve collections. The hesitation usually is due to a resistance to shouldering the processing costs. This article examines how in many states, law firms can have the best of both worlds — higher collections and minimal processing costs — by putting the responsibility for the fees on clients.
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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.