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Showing 17–22 of 22 results
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Act now – QSBS offers gain without the pain
September / October 2011
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 613
Abstract: Time is running out for a remarkable tax break for investors. If they invest in qualified small business stock (QSBS) by the end of 2011 and hold it for more than five years, they’ll be able to sell the stock tax-free. Lawmakers have proposed making this tax break permanent, but unless they act before year end, investors will need to move quickly to take advantage of it. This article describes the benefit of QSBS, but also warns about the complexities involved.
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Do you know what your dealership is really worth?
September / October 2009
Newsletter: Dealer Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 613
Abstract: To get a loan in this tight credit environment, it’s more important than ever that dealerships be able to accurately determine their net worth. It’s important to go beyond the figure provided on the balance sheet to find unrecorded liabilities or contra assets such as those with a negative credit balance. Areas to examine include uncollectible receivables, inventories, fixed assets and F&I chargebacks.
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Be reasonable! – Court weighs in on executive compensation
September / October 2009
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 613
Abstract: The Internal Revenue Code allows a business to deduct a “reasonable allowance for salaries or other compensation” it pays to executives and other employees. When an executive is also a shareholder of a C corporation, the IRS may challenge compensation it believes is unreasonably high, arguing that the excess is really a disguised dividend. Dividends aren’t deductible, so by characterizing payments as deductible compensation, the company reduces its tax bill. This article reviews a recent case, Menard, Inc. v. Commissioner of Internal Revenue (March 10, 2009), and the potential impact on businesses.
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Practical Perspectives: Key financial issue for you and your family – Soon-to-be retirees still see wisdom in 529 plan
February / March 2009
Newsletter: Trendlines
Price: $225.00, Subscriber Price: $157.50
Word count: 613
Abstract: In this issue’s “Practical Perspectives,” we meet Frank and Alice, a married couple who are a year or two away from retirement. One of the many goals they’d like to accomplish during their golden years is helping to fund their grandchild’s college education. In the last year or two, they’d read a couple of articles about 529 plans but weren’t sure whether these arrangements were still worthwhile. So they visited their financial advisor to discuss the matter.
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When must employers pay for commuting time?
November / December 2008
Newsletter: Employment Law Briefing
Price: $225.00, Subscriber Price: $157.50
Word count: 613
Abstract: That was the question before the Second Circuit when fire-alarm inspectors alleged they were entitled to portal-to-portal pay under the Fair Labor Standards Act because the briefcases of documents they were required to carry to and from work increased their commuting time. This article explains why the court didn’t buy their argument. Singh v. The City of New York, 524 F.3d 361 (2d Cir. 2008)
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Accounting rule will affect some financial statements
Spring 2008
Newsletter: Auto Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 613
Abstract: Auto dealerships generally have the rest of this year to figure out how a new accounting rule could affect their financial statements. It’s worth looking into, as the rule applies not only to tax-related decisions you may make in the future, but also to those you’ve made in the past. Read about the possible impact of Accounting for Uncertainty in Income Taxes (FIN 48) on your dealership.