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Showing 1–16 of 32 results
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Pros and cons of custodial accounts for minors
September / October 2022
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 611
Abstract: Setting up an investment account for a minor child can be a tax-efficient way of saving for college or other expenses. And one of the simplest ways to invest on the child’s behalf is to open a custodial account under the Uniform Gifts to Minors Act (UGMA) or Uniform Transfers to Minors Act (UTMA). This article discusses the pluses and minuses of custodial accounts for minors.
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Should you create a living trust?
October / November 2021
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 611
Abstract: A living trust is a legal entity into which the grantor, settlor or trustor (in trust parlance) can place assets to be managed during the grantor’s lifetime and after he or she passes away. This article looks at the benefits and drawbacks of living trusts and notes that appropriately preparing and maintaining one requires a strong knowledge of the rules, as well as a keen understanding of the specific grantor’s financial situation.
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FASB issues new rules for reporting gifts-in-kind
Spring 2021
Newsletter: Profitable Solutions for Nonprofits
Price: $225.00, Subscriber Price: $157.50
Word count: 611
Abstract: More information will be required from nonprofits that use GAAP and receive nonfinancial assistance ― also known as gifts-in-kind ― than in the past as the result of a new FASB rule. ASU No. 2020-07, Not-for-Profit Entities (Topic 958): Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets, is intended to expand the transparency around such gifts. This article highlights key components of the rule.
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Board of directors – Teach them well: Financial literacy is key
October / November 2020
Newsletter: Nonprofit Agendas
Price: $225.00, Subscriber Price: $157.50
Word count: 611
Abstract: Not every board member arrives at a nonprofit organization with a financial background. This article offers some suggestions for relaying vital financial information that board members need to know to make sound decisions. It discusses the balance sheet and income statements and tells a story through ratios.
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When it comes to embezzlement, your response matters
June / July 2020
Newsletter: Nonprofit Agendas
Price: $225.00, Subscriber Price: $157.50
Word count: 611
Abstract: Regardless of the size of an embezzlement, the way a victimized organization responds can make or break its reputation, fundraising results and, in turn, ability to pursue its mission. This article highlights nonprofits’ vulnerability to this crime, best practices for publicly responding to it and reporting obligations.
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Recent legislation encourages low income developments
July / August 2018
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 611
Abstract: Both the Tax Cuts and Jobs Act (TCJA) and Congress’s massive new spending package received widespread media coverage, but a couple of provisions that incentivize investments in low income housing have largely gone under the radar. One provision in the tax law offers significant tax breaks for investors looking to defer or abate capital gains taxes, while the spending bill boosts the Low Income Housing Tax Credit (LIHTC). This article describes the new qualified opportunity zones and expansion of the LIHTC.
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How to ward off cyber-extortion – OCR offers some tips
Summer 2018
Newsletter: Healthcare Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 611
Abstract: Cyber-extortion schemes are on the rise, and hospitals aren’t immune. The U.S. Department of Health and Human Services’ Office for Civil Rights (OCR) has issued some guidance that might help hospitals avoid these types of attacks. This article explains the forms these attacks may take, including ransomware, Denial of Service and Distributed Denial of Service, and threats to expose sensitive data. It also outlines several steps hospitals can take, such as implementing a robust risk analysis / risk management program and limiting internal network access, which will assist them in protecting their data.
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When is automation of a manual process patentable?
February / March 2017
Newsletter: Ideas on Intellectual Property Law
Price: $225.00, Subscriber Price: $157.50
Word count: 611
Abstract: Cases involving the patent eligibility of computer-related methods have been flooding the Federal Circuit Court of Appeals. This article describes a case involving a method of animating lip synchronization sequences of 3-D animated characters. At issue was whether the invention simply automated an existing manual process or automated a new process. McRO, Inc. v. Bandai Namco Games America Inc., No. 2015-1080, Sept. 13, 2016 (Fed. Cir.)
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Gross-up provisions: Good news for both landlords and tenants
January / February 2017
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 611
Abstract: In an uncertain economy, commercial landlords understandably look for ways to protect themselves from financial exposure. One approach is the inclusion of gross-up provisions in leases. This article explains that a properly drafted gross-up provision can help ensure that tenants pay their share for operating expenses when some units are vacant, while also protecting tenants from unexpected cost increases.
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Training day: Reimbursing employees’ education expenses
April 2016
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 611
Abstract: Area colleges and trade schools often provide a great source of education in professional development. And companies that reimburse employees for their education expenses (and employees who receive such reimbursements) may be able to reap valuable tax savings. This article explains the two primary options for doing so and notes the value of training in employee hiring and retention.
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The ins and outs of a winning billing and collection process
Spring 2016
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 611
Abstract: Claim denials can be a huge source of frustration for doctors and their practice managers. They can also have a huge impact on cash flow and the financial performance of a practice. This article offers tips on how to have claims accepted on the first submission, such as not ignoring denials and making needed changes.
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Contingency planning – Don’t let a disaster disrupt your life
March / April 2016
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 611
Abstract: Although contingency planning is usually associated with businesses, individuals need disaster plans, too. This article outlines the components of a good plan — including ensuring that insurance coverage is adequate, family members are able to contact each other, and cash, emergency supplies and copies of important documents are easy to access.
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Training day: Reimbursing employees’ education expenses
Spring 2016
Newsletter: Business Matters
Price: $225.00, Subscriber Price: $157.50
Word count: 611
Abstract: Area colleges and trade schools often provide a great source of education in professional development. And companies that reimburse employees for their education expenses (and employees who receive such reimbursements) may be able to reap valuable tax savings. This article explains the two primary options for doing so and notes the value of training in employee hiring and retention.
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The tax implications of C corporation acquisitions
July / August 2015
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 611
Abstract: A taxpayer who is in the market to acquire a C corporation should be wary. There’s much to know about the tax ramifications of holding such real estate. This article offers some key concepts to keep in mind.
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IRS tackles interaction of gain exclusion and PAL treatment
January / February 2015
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 611
Abstract: It’s not unusual for someone to convert a personal home into a rental property. But such conversions can raise some thorny tax questions when the home is subsequently sold. Passive losses are generally deductible only to the extent of passive income. Rental real estate activities typically are deemed passive activities. This article looks at a recent Chief Counsel Advice memo that makes it clear that the gain excluded under Internal Revenue Code Section 121 isn’t treated as passive gain. It also confirms that the suspended passive activity losses are “freed up” in the year of disposition.
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4 tips for thwarting identity theft
November / December 2013
Newsletter: Dealer Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 611
Abstract: Frightening stories of identity theft take place at auto dealerships and other retail enterprises every year. This article offers four tips to help prevent this from happening. They involve checking job applicants’ backgrounds, encrypting data on the dealer website, limiting access to customer data, and regularly purging customer information.