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Showing all 15 results

  • Why wait to deduct your purchases? Turbocharge tax deductions with bonus depreciation and Sec. 179

    Summer 2019
    Newsletter: Manufacturer

    Price: $225.00, Subscriber Price: $157.50

    Word count: 870

    Abstract: The Tax Cuts and Jobs Act (TCJA) creates many saving opportunities for business owners. This article compares and contrasts two especially lucrative breaks for capital-intensive manufacturers: the expanded first-year bonus depreciation deduction and the first-year Section 179 deduction. These breaks provide accelerated deductions for qualifying purchases of property, plant and equipment.

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  • Why target date fund oversight matters

    October / November 2018
    Newsletter: Employee Benefits Update

    Price: $225.00, Subscriber Price: $157.50

    Word count: 870

    Abstract: Money management giant Vanguard began tracking the popularity of funds with professionally managed allocations — primarily target date funds (TDFs) — in 2003. Over the years, the organization has reported a steady growth of their prevalence in defined contribution retirement plans. As of the end of 2017, 58% of participants invested in a TDF, and Vanguard projects that number will hit 77% by 2022. This article discusses the reasons behind the TDF explosion, and a short sidebar covers some tips from the Department of Labor.

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  • Finding hidden assets and unreported income

    May / June 2017
    Newsletter: Viewpoint on Value

    Price: $225.00, Subscriber Price: $157.50

    Word count: 870

    Abstract: Valuation experts are not responsible for finding fraud unless a client specifically hires them to conduct a forensic investigation. But the business valuation and forensic accounting disciplines often intersect. This article explains the warning signs that controlling shareholders are hiding assets or downplaying cash flow to minimize buyouts of their spouses or minority shareholders and why it’s important to hire a financial expert from the get-go. A sidebar discusses unintentional financial statement omissions — and how they may be unearthed.

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  • Conflicts of interest in M&A transactions – What’s your board’s role?

    February / March 2017
    Newsletter: Public Company Insights

    Price: $225.00, Subscriber Price: $157.50

    Word count: 870

    Abstract: When a company is acquired, its board of directors should identify and respond to actual or potential conflicts of interest on the part of the company’s investment bankers or other financial advisors. This is one of the lessons gleaned from the influential Delaware Supreme Court’s decision in 2015, RBC Capital Markets, LLC v. Jervis (the Rural/Metro case). This article reviews guidelines for financial advisors offered by the case. A sidebar explains how exculpatory clauses can protect directors from personal liability.

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  • Get ready: OCR audits are coming

    Fall 2015
    Newsletter: Healthcare Management Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 870

    Abstract: In 2011, the DHS’s Office of Civil Rights (OCR) established a pilot audit program to assess the compliance of covered entities, including hospitals, with HIPAA. Hospitals should take steps now to help ensure they pass muster if selected for an audit — and to reduce their risks of a PHI breach even if not selected. This article covers Phase 1 findings and Phase 2 expectations. A sidebar notes that the potential consequences of failing to comply with HIPAA rules go far beyond those associated with failing an OCR audit.

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  • Russell v. Allianz Life Ins. Co. of North America – Don’t take reliability for granted

    Summer 2015
    Newsletter: Expert / Valuation & Litigation Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 870

    Abstract: Although expertise is essential, there’s no guarantee that the testimony of a qualified expert will prove reliable under state or federal admissibility standards. That’s what a federal district court proved when it blocked a financial expert’s lost profits testimony in Russell v. Allianz Life Ins. Co. of North America. This article reviews the facts and opinions of the case. A sidebar discusses the type of evidence that should be used to support an estimate of a plaintiff’s worklife expectancy. Dugan Calvin Russell v. Allianz Life Ins. Co. of North America (N.D. Mo. 2015, January 8, 2015)

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  • Beyond the bottom line: The power of outcome measures

    Spring 2015
    Newsletter: Profitable Solutions for Nonprofits

    Price: $225.00, Subscriber Price: $157.50

    Word count: 870

    Abstract: Outcome (or performance) measurement should gauge the level of accomplishment of a program goal in terms of changes in the lives of individuals, families or the community at large. This article defines outcome measurement, discusses its importance to a nonprofit and highlights the caveats. A sidebar discusses the special importance of outcome measurement in smaller nonprofits with fewer resources.

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  • Tax Court considers house flipper’s expense deductions

    March / April 2015
    Newsletter: Real Estate Advisor

    Price: $225.00, Subscriber Price: $157.50

    Word count: 870

    Abstract: With many real estate markets on the rebound, real estate investors are resuming house-flipping strategies to reap profits by, among other benefits, deducting large amounts of related expenses. But those expenses are deductible only if incurred in connection with a “trade or business.” This article describes how a taxpayer in one recent case learned the hard way that a trade or business requires more than just vague intentions to sell at some point. And a sidebar notes that his use of a tax preparer didn’t provide him an escape from penalties. Ohana v. Commissioner, Nos. 16014-11, 25896-11, May 8, 2014 (U.S. Tax Court)

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  • Avoid the negative consequences of plan disqualification – Correct any missteps before it’s too late

    October / November 2013
    Newsletter: Employee Benefits Update

    Price: $225.00, Subscriber Price: $157.50

    Word count: 870

    Abstract: A retirement plan sponsor has a fiduciary duty to ensure that the plan complies with all federal and state rules and regulations, such as the Internal Revenue Code and ERISA, and must follow the plan’s provisions without deviating unless amending the plan. Not following the provisions can lead to plan disqualification. This article reviews the consequences of disqualification and ways for plan sponsors to correct any mistakes that may lead to disqualification. Yarish v. Commissioner, 139 T.C. 11

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  • Be an early bird – Prepare for your 2013 financial statements and tax strategies

    September / October 2013
    Newsletter: Dealer Insights

    Price: $225.00, Subscriber Price: $157.50

    Word count: 870

    Abstract: For dealerships on a calendar year, it’s only a few months until year end financial statement and income tax planning will be here. Given the breadth of these documents and the complexity of changing tax laws, it’s not too soon for dealers to start collecting the information they’ll need and conferring with their CPA about strategies. The article discusses depreciation and deductions, fixed assets, inventory methods, adjusting journal entries, and owner transactions.

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  • The calm before the storm – Preparing for possible health care coverage penalties

    Spring 2013
    Newsletter: On-Site

    Price: $225.00, Subscriber Price: $157.50

    Word count: 870

    Abstract: The Patient Protection and Affordable Care Act is set to take full effect in 2014 — including substantial penalties for large employers that don’t meet health care coverage requirements. So contractors should start reviewing their workforces and evaluating the health care benefits they’re providing. This article describes what the law considers a “large employer,” the penalties such employers face if they provide no or inadequate insurance, and the options they might consider. A sidebar looks at the state of government-run health care insurance “exchanges” prescribed under the law.

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  • Donating life insurance – Turbocharge your charitable gifts

    May / June 2010
    Newsletter: Estate Planner

    Price: $225.00, Subscriber Price: $157.50

    Word count: 870

    Abstract: Donating a life insurance policy to charity can be a powerful strategy to achieve philanthropic goals. It allows a person to make larger gifts than he or she might otherwise afford, while generating current tax benefits. This article discusses when donating a policy can make sense, as well as the most tax-effective way of doing so. A sidebar touches on options such as charitable gift annuities and wealth replacement.

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  • Burden vs. benefit – Court weighs in on inaccessible ESI

    May / June 2010
    Newsletter: Advocate's Edge / Litigation Support

    Price: $225.00, Subscriber Price: $157.50

    Word count: 870

    Abstract: Attorneys increasingly face discovery requests for massive amounts of electronically stored information (ESI). Litigation parties generally aren’t required to produce ESI that isn’t “reasonably accessible,” but courts can nonetheless order production on a showing of good cause by the requesting party. When a defendant in one case complained that meeting the plaintiff’s request for archived e-mails would involve poring over 2,500 tapes at a cost of $1.5 million, the court relied on a Federal Rule of Civil Procedure to determine whether the plaintiff had good cause to order discovery. A sidebar discusses this court’s order regarding the discoverability of attorneys’ litigation hold letters.

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  • Subcontractor focus – Miller Act time limits may affect payment contingency

    January / February 2008
    Newsletter: Construction Law Briefing

    Price: $225.00, Subscriber Price: $157.50

    Word count: 870

    Abstract: In the hope of shifting away some of the risk of a government’s refusal to pay general contractors on public projects often insert so-called “pay when paid” clauses in their subcontracts. Recent federal court decisions based on the Miller Act, however, limit a payment bond surety’s ability to use “pay when paid” clauses. This article examines one example of these limitations in a recent West Virginia case, and a sidebar looks at a similar decision.

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  • Seal your exit strategy with an ESOP

    January / February 2008
    Newsletter: Tax Impact

    Price: $225.00, Subscriber Price: $157.50

    Word count: 870

    Abstract: Many successful business owners have a substantial portion of their net worths tied up in their companies. Even if one plans to stay actively involved in a company for many years, it’s important to have an exit strategy that addresses when to convert business interests into cash for investment diversification purposes. Designing an exit strategy can be challenging — especially if a business is closely held or the company’s stock is thinly traded. How can a business owner cash out without selling the company to an outsider or giving up control? This article suggests one way: Implement an Employee Stock Ownership Plan (ESOP), which creates a market for stock and offers tax savings and other benefits to the company as well as its owners and employees.

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