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Showing 1–16 of 20 results
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Estate planning – Steer clear of these 5 common mistakes
May / June 2023
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 866
Abstract: A well-designed estate plan can help individuals share their hard-earned wealth according to their wishes and protect it from creditors and tax liability. But it’s easy to make mistakes. This article looks at five, including failing to fund a revocable trust, not planning for incapacity and forgetting to make contingency plans for beneficiaries. A sidebar discusses choosing trustees.
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CLTs – A charitable trust that takes the lead
June / July 2021
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 866
Abstract: For those who are charitably inclined, the benefits of a charitable lead trust (CLT) may be worth considering. With a CLT, the donated property helps a charity for a period of time and then reverts back to family members. This article details how a CLT works and explains the charitable deduction implications. A sidebar weighs the benefits of a charitable remainder trust.
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To tax-affect or not to tax-affect – Valuing pass-through businesses
January / February 2020
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 866
Abstract: The debate in valuation circles over tax-affecting — reducing a pass-through entity’s projected future income for hypothetical corporate income taxes on that income — has heated up in recent years. This article outlines arguments for and against tax-affecting. It also explains how recent tax law changes may have leveled the playing field between C corporations and pass-through entities. A sidebar summarizes a recent case in which the U.S. Tax Court allowed tax-affecting methodology to account for the tax consequences of pass-through status.
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Failing to enroll eligible employees in your plan – What to watch out for and how to fix it
February / March 2019
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 866
Abstract: Administrative glitches are practically inevitable at some point when operating a retirement plan, given the myriad ways things can get off track. Case in point: inadvertently failing to add a newly eligible employee to the roster of 401(k) plan participants. While excluding an eligible employee isn’t the worst mistake plan sponsors could make, this article looks at why it’s important to identify the error sooner rather than later and take prompt remedial action.
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Who needs an estate plan? Quick answer: Everyone
October / November 2018
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 866
Abstract: Despite what one might think, estate planning isn’t limited to only the rich and famous. Previously, avoiding or minimizing federal estate tax liability was a primary motivation for creating an estate plan. But with a generous gift and estate tax exemption of $11.18 million for 2018, this is less of a worry for most families. This article details other benefits of having an estate plan. A sidebar discusses why you should account for your current life circumstances in your plan.
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Are bad business debts deductible?
January / February 2018
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 866
Abstract: If a business owner holds a business-related debt that’s become worthless or uncollectible, a “bad debt” deduction may allow him or her to cut their losses. But don’t assume a debt is deductible just because the odds of collecting are slim. This article explains the differences between a business and nonbusiness debt. A sidebar details how to prove a debt is “worthless.”
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When should you report grant and contribution revenues?
Summer 2017
Newsletter: Profitable Solutions for Nonprofits
Price: $225.00, Subscriber Price: $157.50
Word count: 866
Abstract: When the FASB’s new revenue recognition standard was released in 2014, it caused quite a stir across industries. But the standard applies only to revenue from “exchange transactions,” also known as reciprocal transactions. Contributions to nonprofits are nonreciprocal, and your grants may be, too — meaning different rules apply. This article explains when you should report grant and contribution revenues under ASU 2014-09. A sidebar reports on future FASB guidance that will clarify how and when to recognize grant and contribution revenue when receiving government funds.
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Questions to gauge marketability — or lack thereof
May / June 2017
Newsletter: Valuation & Litigation Briefing / Litigation & Valuation Report
Price: $225.00, Subscriber Price: $157.50
Word count: 866
Abstract: The discount for lack of marketability (DLOM) is often a contentious issue in valuation cases. Quantifying it may require some degree of subjectivity, and the discount can have a significant impact on value. This article explains marketability and the factors that experts consider when quantifying this discount. A sidebar lists common sources of empirical data that may be used to support a DLOM.
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Follow the money: How lifestyle analysis reveals the truth
November / December 2016
Newsletter: Valuation & Litigation Briefing / Litigation & Valuation Report
Price: $225.00, Subscriber Price: $157.50
Word count: 866
Abstract: One of the most effective weapons in a forensic accountant’s arsenal is lifestyle analysis. This article talks about how experts seeking hidden assets and income sources conduct such analysis. It discusses several techniques, including the bank deposits, expenditures and asset methods. A sidebar illustrates how tax returns can be used as an investigative tool.
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Supreme Court throws Seagate test overboard – Ruling loosens standard for enhanced patent infringement damages
October / November 2016
Newsletter: Ideas on Intellectual Property Law
Price: $225.00, Subscriber Price: $157.50
Word count: 866
Abstract: The U.S. Supreme Court has released its long-awaited decision on the proper criteria for enhanced damages awards in patent infringement cases. This article summarizes two patent infringement cases and reviews the two-part test for determining damages adopted in In re Seagate Technology, LLC. It explains why the Court vacated the Federal Circuit’s decisions in the two cases and sent them back for reconsideration under a new standard. A sidebar discusses how the Court’s ruling eases the burden of proof for enhanced damages. Halo Electronics, Inc. v. Pulse Electronics, Inc., No. 14-1513, June 13, 2016 (U.S.) Stryker Corporation v. Zimmer, Inc., No. 14-1513, June 13, 2016 (U.S.) Octane Fitness, LLC v. ICON Health & Fitness, Inc., No. 12-1184, April 29, 2014 (U.S.) In re Seagate Technology, LLC, 497 F. 3d 1360, Aug. 20, 2007 (Fed. Cir.)
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It’s time for midyear tax planning – Timely tips to help keep your tax bill low
July / August 2014
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 866
Abstract: Tax-saving strategies take time to implement, so it’s important to not wait until the end of the year. This article offers several midyear strategies for individuals to consider. These include reducing taxable income, modified adjusted gross income (MAGI), and/or net investment income; contributing to retirement plans; and planning for medical expenses. A sidebar notes that it’s possible to avoid or reduce underpayment penalties by increasing income tax withholding.
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Strategic investments – How valuators facilitate decision making
March / April 2014
Newsletter: Viewpoint on Value
Price: $225.00, Subscriber Price: $157.50
Word count: 866
Abstract: Some private business owners make major decisions by relying on gut instinct, rather than financial metrics. But investments made on a “hunch” often fall short of management’s expectations. This article describes several forms of financial analysis that valuators may conduct to systematically probe companies’ finances and introduce objectivity to the decision-making process. This can help management rein in unrealistic projections and make optimal choices in today’s volatile marketplace.
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Lessons from thriving banks: It’s a real-world stress test
Winter 2014
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 866
Abstract: A recent report by the Federal Reserve Bank of St. Louis analyzes distinguishing features of banks that thrived during the recession. The authors concluded that community banks can prosper in the future by maintaining strong risk management standards in all economic environments and tailoring their business plans to their markets. This article looks at the highlights of the report, while a sidebar lists key performance indicators that it looked at.
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6 tips for developing spectacular board members
August / September 2013
Newsletter: Nonprofit Agendas
Price: $225.00, Subscriber Price: $157.50
Word count: 866
Abstract: Preparing new board members to forge ahead — and excel at the job — takes navigation. This article offers six tips for getting new board members up to speed and keeping them on the right course. The tips include providing orientation, setting performance targets and developing a continuing education program. A sidebar examines what to look for when considering qualifications for the next board chair.
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Deliver it with confidence – Avoid shipping woes with adequate cargo insurance
Fall 2012
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 866
Abstract: Failing to have adequate cargo insurance coverage can badly hurt a manufacturer’s bottom line, but it’s not always easy to determine the right amount or how to obtain it. This article describes problems that can arise when getting coverage through the carrier, and explains why a “shipper’s interest” cargo insurance policy, also known as all-risk coverage, might be a better option for some.
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Sec. 1031 exchanges — The ins and outs of depreciating MACRS property
July / August 2012
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 866
Abstract: Section 1031 – or like-kind – exchanges in the commercial real estate arena often include property subject to the modified accelerated cost recovery system (MACRS). Those who receive MACRS property in such an exchange must comply with complex tax regulations for determining the amount of annual depreciation allowed. Under the regs, the basis of MACRS replacement property comprises both a depreciable exchanged basis and a depreciable excess basis. This article explains what each is and which depreciation rules apply to each. A sidebar lists types of property that qualify for bonus depreciation.