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Showing all 14 results

  • Keep a close eye on your staffing to avoid shortages

    Fall 2019
    Newsletter: Rx for Practice Management / Practice Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 585

    Abstract: Over the length of a practice’s life span, it will likely face a staffing shortage at least once — if not several times. How practice managers deal with lack of staff can have a big effect on revenue, workloads, staff morale and quality of patient care. This article offers four strategies, such as cross-training employees and seeking temporary staffing, for dealing with staffing shortages while maintaining high-level patient care.

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  • Are you a reliable guardian of customer information?

    November / December 2018
    Newsletter: Dealer Insights

    Price: $225.00, Subscriber Price: $157.50

    Word count: 585

    Abstract: Given the large volume of personal data typically collected from customers, it’s critical that dealerships proactively secure the information they obtain and store. This article suggests several security measures that can reduce the chances of a data breach at a dealership operation.

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  • Know your tax obligations before hiring household help

    September / October 2018
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 585

    Abstract: There are several reasons for hiring household help, including child or elder care or general cleaning and yard maintenance. However, when a person hires outside help, he or she becomes an employer. Thus, that person has specific tax obligations, such as withholding and paying Social Security and Medicare (FICA) taxes and possibly federal and state unemployment insurance. This article examines the tax-related responsibilities associated with hiring outside help.

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  • Failure to value goodwill invalidates nonsolicitation agreement

    November / December 2016
    Newsletter: Advocate's Edge / Litigation Support

    Price: $225.00, Subscriber Price: $157.50

    Word count: 585

    Abstract: The value of a private business is instrumental in many legal scenarios, including property settlements in divorce cases and damages calculations in business litigation. But valuation also may be critical in less obvious matters, like the validity of nonsolicitation agreements. This article looks at a recent ruling in Monarch Healthcare Inc. v. Orr that illustrates the importance of hiring an objective valuation professional to allocate a portion of a business’s purchase price to goodwill. The case shows that failure to do so could invalidate noncompetes and nonsolicitation clauses, depending on state law and the type of business involved. Monarch Healthcare Inc. v. Orr, No. G050463, Jan. 20, 2016 (Cal. App.)

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  • Avoid state income taxes with an incomplete nongrantor trust

    April / May 2015
    Newsletter: Insight on Estate Planning

    Price: $225.00, Subscriber Price: $157.50

    Word count: 585

    Abstract: Now that the federal gift and estate tax exemption has reached an inflation-adjusted $5.43 million, many people are shifting their estate planning focus to income tax reduction. One potentially attractive strategy for high-income taxpayers, particularly those who live in high-income-tax states, is an incomplete nongrantor trust. This article details the pros and cons of an incomplete nongrantor trust.

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  • Do your part for donors – IRS substantiation rules apply to contributors

    Winter 2015
    Newsletter: Profitable Solutions for Nonprofits

    Price: $225.00, Subscriber Price: $157.50

    Word count: 585

    Abstract: With donors gearing up for tax-filing season, it’s not too late for not-for-profits to make sure that they’re following the IRS donation “substantiation rules” so that their benefactors have the proof they need to deduct financial gifts. Proper documentation is also crucial so that donors don’t have any future problems with the IRS. This article explains what the IRS requires to document various levels of gifts and offers a real-life example of the consequences of not closely adhering to the rules.

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  • Changing family makeup requires estate plan review

    January / February 2015
    Newsletter: Estate Planner

    Price: $225.00, Subscriber Price: $157.50

    Word count: 585

    Abstract: Today’s American families have grown increasingly diverse. Besides the typical nuclear family, a family may include unmarried parents of adopted children or married parents with unadopted stepchildren. Those whose family’s demographics have recently changed need to revisit their estate plan. This article takes a close look at a few specific family makeups, and what steps need to be taken to clearly resolve such matters as parental custody and asset distribution.

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  • IRS clarifies capitalization of leasehold improvements

    November / December 2012
    Newsletter: Real Estate Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 585

    Abstract: Leasehold improvements can pose some tricky tax issues for all parties involved. In a recent legal memorandum, the IRS addressed one such issue — the proper capitalization treatment of indirect costs incurred by a lessee to construct real property it then leased. This article takes a look at a case involving Internal Revenue Code (IRC) Section 263A, Capitalization and Inclusion in Inventory Costs of Certain Expenses, and IRC Sec. 263(a), Capital Expenditures, in which the lessee lost the battle.

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  • Is your practice ready? — CMS Stage 2 requirements are drawing nigh

    Fall 2012
    Newsletter: Rx for Practice Management / Practice Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 585

    Abstract: Last February, CMS published a proposed rule defining the “meaningful use” requirements for Stage 2 of its Electronic Health Record (EHR) Incentive Program. It’s expected to issue a final version of the rule in late 2012. Although there will be revisions in response to those comments, enough is known now for physician practices to begin preparing for the changes. This article reviews Stage 1 objectives and discusses Stage 2 proposals, and notes when penalties for noncompliance may apply.

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  • Owning life insurance can make estate planning complicated

    July / August 2012
    Newsletter: Estate Planner

    Price: $225.00, Subscriber Price: $157.50

    Word count: 585

    Abstract: A life insurance policy can be an important part of an estate plan. The policy can provide a source of wealth for one’s family income-tax-free, and it can supply funds to pay estate taxes and other expenses. However, those who own their policy, rather than having, for example, an irrevocable life insurance trust (ILIT) own it, will have to take extra steps to keep the policy’s proceeds out of their taxable estate. As this article explains, an irrevocable grantor trust can be one way of doing that.

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  • Consider the tax issues when buying or selling a business

    July / August 2012
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 585

    Abstract: Those who are buying or selling a closely held business need to consider a wide range of business, legal and financial issues. Although a sale’s terms should never be driven by tax considerations alone, taxes can have a significant impact. This article looks at a couple of important questions: If the business being sold is a corporation, should the parties structure the deal as a stock sale or an asset sale? And how should the purchase price be allocated among various assets? By understanding how taxes affect the economics of a deal, the parties can adjust the purchase price or terms accordingly.

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  • Success vs. failure — It all depends on how you measure your merger

    June / July 2012
    Newsletter: Merger & Acquisition Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 585

    Abstract: Some issues in a merger can be anticipated and prevented, and some can’t. But one thing that can be controlled is how to measure the success of a merger. By setting realistic goals and indicators and closely monitoring postdeal performance, business buyers can spot potential problems and negative trends before they become intractable. This article talks about goals and key performance indicators (KPIs) and how they differ.

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  • 3 ways to soften the blow of estate taxes

    May / June 2009
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 585

    Abstract: Reports of the death of the federal estate tax have been greatly exaggerated. True, as of this writing, the estate tax is scheduled for repeal in 2010, but many experts expect Congress to “repeal the repeal” and preserve the tax. Because the estate tax appears to be here to stay, you and your family need to be aware of the tax-reducing strategies that can be implemented during one’s lifetime and even after one’s death. This article explains three postmortem moves an executor can make to reduce an estate’s tax bill.

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  • Handbooks must be clear to average employee

    May / June 2008
    Newsletter: Employment Law Briefing

    Price: $225.00, Subscriber Price: $157.50

    Word count: 585

    Abstract: Could a teenage employee’s sexual-harassment case proceed to trial against Burger King even though she hadn’t followed the employee handbook’s harassment reporting procedure? That was the question before the Seventh Circuit. This article explains the court’s ruling that the reporting procedure was confusing even to adults. EEOC v. V & J Foods Inc., 507 F.3d 575 (7th Cir. 2007)

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