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Showing 1–16 of 18 results
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Are new business start-up costs deductible?
May / June 2023
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 677
Abstract: Many new businesses were formed by people who found themselves unemployed in the early months of the pandemic or by entrepreneurs who saw business opportunities in the remote working environment. Although the surge has leveled off a bit, the current rate of new business creation remains substantially higher than before the pandemic. Starting a new business isn’t cheap, and many expenses are incurred long before the business officially opens. This article answers frequently asked questions about deducting start-up costs for federal income tax purposes.
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Accurate job schedules add value to financial reporting
Fall 2020
Newsletter: Construction Industry Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 677
Abstract: When many contractors read the term “financial reporting,” they may naturally think of their financial statements. However, another important aspect of financial reporting is the regular and consistent handling of job schedules. This article describes three types of job schedules and explains why it’s so important to keep these schedules accurate and up to date.
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CARES Act provides relief from TCJA loss limitation rules
August / September 2020
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 677
Abstract: The Coronavirus Aid, Relief, and Economic Security (CARES) Act undid, at least temporarily, several provisions of the 2017 Tax Cuts and Jobs Act (TCJA) that were unfavorable to taxpayers. These include changes to the rules for claiming certain business losses. This article explains that the act includes beneficial changes to the rules for deducting net operating losses (NOLs), such as easing the taxable income limitation on deducting NOLs. It also notes that the act temporarily removes the excess business loss disallowance rule for losses arising in tax years from 2018 through 2020.
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Making the most of charitable donations
January / February 2020
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 677
Abstract: Conventional wisdom says that an illiquid taxpayer who wishes to make a charitable contribution is better off donating appreciated assets rather than cash. However, in some cases, it’s preferable to liquidate appreciated assets and donate cash, especially since the Tax Cuts and Jobs Act temporarily increased the limit on deductions for cash donations to public charities from 50% to 60% of adjusted gross income (AGI), compared to 30% of AGI for appreciated assets. This article explains the factors that must be considered when making charitable donations.
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ADA accommodation – Improper paperwork doesn’t excuse employers
January / February 2017
Newsletter: Employment Law Briefing
Price: $225.00, Subscriber Price: $157.50
Word count: 677
Abstract: When is an employer doing enough to accommodate an employee under the Americans with Disabilities Act? The employer in a case before the Tenth Circuit learned the hard way that it wasn’t. This article explains why the court found that the employer’s inconsistent reasons for terminating the employee could be pretext. Foster v. Mountain Coal Company, No. 15-1025, July 26, 2016 (10th Cir.)
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SCINs make sense for some estate plans
Fall 2016
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 677
Abstract: People who use a self-canceling installment note (SCIN) as an estate planning tool take an informed risk that they won’t reach their actuarial life expectancy. This article explores how a SCIN can fit into an estate plan and the benefits of a SCIN for certain individuals.
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Joint ventures: Look before you leap
September / October 2014
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 677
Abstract: Joint ventures are a leap of faith. One never quite knows how they’ll turn out until a job is well underway. But they can still pay off, providing that one looks carefully before taking the leap. This article explains the benefits a joint venture offers, different ways of structuring one, and what to include in a joint venture agreement.
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Taking a closer look at financial statement adjustments
March / April 2014
Newsletter: Viewpoint on Value
Price: $225.00, Subscriber Price: $157.50
Word count: 677
Abstract: Often, an appraiser needs to make adjustments to get a clearer picture of an investment’s future economic benefits and to determine an objective value for the subject interest. This article uses a hypothetical divorce case to illustrate the fact that taking financial statements at face value can be misleading and inaccurate. The article points out that an appraiser may need to make adjustments to the financial statements to account for a particular business’s situation and circumstances, including the business interest size and the valuation purpose.
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7 tips for boosting sales staff retention
May / June 2013
Newsletter: Dealer Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 677
Abstract: Sales force turnover has long been a stickler for dealerships; a NADA study reveals that about four out of every 10 dealership salespeople leave their jobs each year. This article offers seven ways to boost the retention rate of sales staff, including aptitude testing of prospects; fair compensation; and equitable treatment.
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What’s in a name? — Google takes a hit over keyword ads
October / November 2012
Newsletter: Ideas on Intellectual Property Law
Price: $225.00, Subscriber Price: $157.50
Word count: 677
Abstract: In the ongoing battle over the trademark implications of Google’s AdWords advertising program, the brand owners have scored a victory with the U.S. Court of Appeals for the Fourth Circuit. The district court had granted summary judgment against the plaintiff, but the appeals court found that that court had improperly evaluated the plaintiff’s evidence of three likelihood of confusion factors. This article shows how the recent ruling sheds some light on how trademark holders might be able to protect their marks online. Citation: Rosetta Stone Ltd. v. Google, Inc., No. 10-2007, April 9, 2012 (4th Cir.)
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Seven-week leave prompts FMLA lawsuit
July / August 2011
Newsletter: Employment Law Briefing
Price: $225.00, Subscriber Price: $157.50
Word count: 677
Abstract: The Family and Medical Leave Act entitles an employee to take up to 12 weeks annually to care for his or her spouse (or certain other family members) — if the spouse has a serious health condition. But does a spiritual pilgrimage constitute medical care? This article looks at the case of a worker who was terminated for taking a seven-week leave after producing certification that, in the employer’s opinion, did not adequately attest to her husband’s medical condition. Tayag v. Lahey Clinic Hospital, No. 10-1169, Jan. 27, 2011 (1st Cir.)
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The best defense – Taking the initiative to protect your assets
Winter 2011
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 677
Abstract: Creditors and potential litigants can present a serious threat to personal assets, so it’s important to take the initiative to protect assets from such future claims. This article looks at a number of ways to accomplish this, such as gifts, property title transfers, trusts, retirement plans, family limited partnerships and limited liability companies.
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“Minor annoyances” or sex-based discrimination?
January / February 2011
Newsletter: Employment Law Briefing
Price: $225.00, Subscriber Price: $157.50
Word count: 677
Abstract: When a female field technician for a telecom suffered discriminatory treatment and gender-related verbal abuse, the company claimed that the complained-of conduct amounted to nothing more than minor annoyances and inconveniences — but the court felt otherwise. This article explains that, although Title VII of the Civil Rights Act of 1964 wasn’t created with the intent of creating a “code of civility” in the workplace, severe or pervasive conduct could very well be held to create a hostile work environment in a court of law. Pucino v. Verizon Communications Inc., No. 09-1306-cv, August 13, 2010 (2nd Cir.)
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Racism vs. reorganization – Sixth Circuit draws legal distinction in discrimination case
September / October 2010
Newsletter: Employment Law Briefing
Price: $225.00, Subscriber Price: $157.50
Word count: 677
Abstract: Many companies opt to reorganize to cut employment costs and operate more efficiently. But when one restructuring resulted in a female African-American hospital chef being replaced by a white male, she served up a lawsuit. This article looks at the evidence she offered, and the appeals court’s conclusion that there was a reasonable inference that she’d been fired for racially motivated, discriminatory reasons.
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Building a better audit – New standard requires additional quality review
June / July 2010
Newsletter: Public Company Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 677
Abstract: Public Company Accounting Oversight Board (PCAOB) Auditing Standard No. 7, Engagement Quality Review (AS7), requires more robust concurring or second partner reviews of audit engagements and interim reviews. This article lists specific items that engagement quality reviews are expected to evaluate, and explains documentation requirements. Although the PCAOB has made an effort to avoid turning concurring reviews into second audits, public companies need to prepare for some slight changes in the audit process.
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What’s normal? How valuators adjust earnings to reflect market value
March / April 2009
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 677
Abstract: When appraising a company, valuators scrutinize their subjects’ balance sheets, but they also recognize that those numbers only reflect a business’s “book value” at a point in time. To arrive at the most accurate market value, experts must adjust or “normalize” a company’s earnings. As this article explains, this process may involve adjusting such items as accounts receivable, inventory, taxes, prepaid expenses and contingent liabilities.