795
Showing all 7 results
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Ashkouri v. Commissioner – Developer’s marketing materials aren’t immediately deductible
July / August 2020
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 795
Abstract: The proper timing of income tax deductions for expenses incurred by developers while researching projects can prove tricky. One developer recently learned the hard way that the costs of marketing materials aren’t necessarily immediately deductible — and may not be deductible at all if the outcome of the bidding process for a project isn’t sufficiently documented. This article reviews the case about what not to do when claiming tax deductions for researching projects. A short sidebar covers that taxpayer’s failure to adequately substantiate the related expenses. Ashkouri v. Comm’r, T.C. Memo. 2019-95 (Tax Ct. July 30, 2019)
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Get ready for the new revenue recognition rules
August / September 2018
Newsletter: Nonprofit Agendas
Price: $225.00, Subscriber Price: $157.50
Word count: 795
Abstract: The new accounting rules for recognizing revenue will take effect for most not-for-profits (except for those with public bond issues) at the beginning of their next fiscal year. While the total revenue recognized over time won’t change, nonprofits should understand how the timing and information they must share will — and how to prepare for the change. This article reviews the basic requirements of ASU 2014-09, Revenue from Contracts with Customers (Topic 606). A sidebar highlights anticipated guidance about the proper accounting for contributions.
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Whistleblower policies protect staffers — and their employers
Winter 2016
Newsletter: Nonprofit Observer
Price: $225.00, Subscriber Price: $157.50
Word count: 795
Abstract: A formal whistleblower policy is essential to protecting a nonprofit’s financial security and public reputation. This article describes the elements of a good whistleblower policy, including which individuals and activities are covered, and encourages nonprofits to distribute their policy widely. A sidebar explains the prohibition against retaliation.
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Getting a handle on the flow of cash
Winter 2013
Newsletter: Profitable Solutions for Nonprofits
Price: $225.00, Subscriber Price: $157.50
Word count: 795
Abstract: Effective cash flow management involves more than taking annual budget figures and dividing by 12 to come up with a static, monthly amount — after all, costs can vary significantly from month to month for a variety of reasons. This article explains how to prepare a cash flow report and how a CPA can help ensure that it’s used to a nonprofit’s best advantage. A sidebar discusses how to make decisions based on the report.
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Don’t bank on it – Manufacturers shop for a better banking experience
Winter 2011
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 795
Abstract: In the wake of recent economic uncertainty, many manufacturers are exploring their banking options. Larger institutions are known for offering lower interest rates and more capital. But recent mergers have given smaller, community banks ties to larger institutions and therefore access to more funding and services, while still offering more one-on-one interaction with loan officers. This article explains that the right bank will understand the manufacturing industry and be able to suggest useful services. A sidebar shows how the 2010 financial reform will affect banks and their relationships with their manufacturing clients.
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Looking up – An economic recovery can be your selling opportunity
February / March 2010
Newsletter: Merger & Acquisition Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 795
Abstract: Although there’s some disagreement over whether the country’s recession is over, the future is finally beginning to look brighter for the M&A market. Corporate buyers and private equity funds that have bided their time building cash reserves are expected to re-emerge. For those who’ve been waiting to sell and are well positioned, this article shows how they might overcome financing barriers. A sidebar discusses how sellers can compete for the limited pool of prospective buyers.
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For a healthy estate plan, know the HIPAA privacy rules
October / November 2009
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 795
Abstract: Health issues play an important role in a variety of estate planning situations. Typically, many estate planning documents and document provisions are triggered by a physician’s certification that a person lacks the capacity to make decisions. But this requirement may be at odds with the Health Insurance Portability and Accountability Act of 1996 (HIPAA). HIPAA privacy rules prohibit physicians, hospitals and other health care providers from discussing a patient’s condition or releasing his or her medical records to third parties without the patient’s written consent. To ensure timely acquisition of the necessary information, it’s important to ensure that estate plan documents are written with HIPAA requirements in mind.