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Showing all 16 results
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You’ve received an inheritance: Now what?
May / June 2022
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 876
Abstract: For those who’ve received, or will soon receive, a significant inheritance, it may be tempting to view it as “found money” that can be spent freely. But unless one’s current financial plan ensures that he or she will comfortably reach all their goals, it’s a good idea to have a plan for managing the newfound wealth. This article answers several questions that should be considered after receiving an inheritance. A brief sidebar explains how to handle an inherited retirement plan.
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Is it better for manufacturers to buy or lease equipment?
Fall 2021
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 876
Abstract: Manufacturing is an asset-intensive business, so deciding whether to buy or lease equipment or machinery is critical. This article reviews the advantages of both buying and leasing manufacturers should consider as they make this decision. It also covers what manufacturers need to know about the lease accounting rules. A short sidebar covers AICPA’s Financial Reporting Framework for Small- and Medium-Sized Entities.
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Lending in the age of COVID-19: Accounting for loan modifications
Winter 2021
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 876
Abstract: Loan modifications during the COVID-19 era create accounting challenges for banks, which must determine whether a particular modification constitutes a troubled debt restructuring (TDR). This article discusses the ins and outs of how a TDR is triggered and explains how the CARES Act provides temporary relief from the TDR accounting rules. It notes that, to enjoy that accounting relief, banks need to show that concessions were made as a result of the pandemic’s impact and not on account of financial difficulties caused by other factors.
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SLATs offer an estate planning safety net
July / August 2019
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 876
Abstract: Many people are taking advantage of the temporary increase to the gift and estate tax exemption amount by giving away substantial amounts of wealth gift-tax-free — either directly or in trust — during the next six-plus years, locking in the higher exemption amount. However, what if one is reluctant to give away substantial amounts of wealth now, for fear that he or she may need access to it down the road? One potential solution is a spousal lifetime access trust (SLAT). This article explains how a SLAT works and includes a sidebar on the “clawback” rule.
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Spotlight on marketability
July / August 2016
Newsletter: Viewpoint on Value
Price: $225.00, Subscriber Price: $157.50
Word count: 876
Abstract: Valuators attempt to quantify the time, costs and uncertainty of selling a business interest through the discount for lack of marketability (DLOM). This article answers some frequently asked questions about the DLOM. It also provides a table that summarizes recent empirical data that may be used to quantify this discount. Mandelbaum v. Commissioner, T.C. Memo 1995-255, June 12, 1995
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Nonqualified options – How to report stock sales
July / August 2015
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 876
Abstract: The tax treatment of nonqualified stock options (NSOs) is quite simple. Unfortunately, filling out the IRS forms can be complicated — especially since recent rule changes went into effect. This article explains the ins and outs of NSOs. A sidebar explains how to correct previously reported basis.
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Roth or traditional: Which is better?
May / June 2015
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 876
Abstract: Roth IRAs allow taxpayers to withdraw contributions and earnings tax-free, if they meet certain requirements, so it’s no surprise that their popularity has soared in recent years. But one shouldn’t write off traditional IRAs and 401(k) accounts just yet. This article explains why, under certain circumstances, traditional accounts may generate more retirement income than their Roth counterparts. A sidebar discusses the possibility that the benefits of “backdoor” Roth IRAs may be eliminated.
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Definitely not: Patent rejected for indefiniteness
February / March 2015
Newsletter: Ideas on Intellectual Property Law
Price: $225.00, Subscriber Price: $157.50
Word count: 876
Abstract: To satisfy the definiteness standard, a patent must provide objective boundaries that convey the invention’s scope to those skilled in the field with reasonable certainty. But how do courts make such a determination? This article discusses an infringement case in which a district court found the patents invalid because terms used in the patent claims’ language — “in an unobtrusive manner” and “does not distract” — were indefinite. The appeals court noted that, while terms of degree aren’t inherently indefinite, the ones used in this case were indeed too subjective. A sidebar explains how the simple use of the term “e.g.,” instead of “i.e.,” played a role in the outcome. Interval Licensing LLC v. AOL, Inc., Nos. 2013-1282, -1283, -1284, -1285, Sept. 10, 2014 (Fed. Cir.) Nautilus, Inc. v. Biosig Instruments, Inc., No. 13-369, June 2, 2014 (Supreme Court)
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It’s time to go SHOPping – How to navigate Small Business Health Options Program Marketplaces
October / November 2014
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 876
Abstract: Small companies have another option for providing workers with health insurance: the Small Business Health Options Program (SHOP) Marketplace. This article explains the levels of plans that are available and the criteria that employers must meet to qualify. A sidebar notes that the Department of Health and Human Services has allowed some states to delay implementation of “employee choice” in their SHOP Marketplaces until 2016.
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Light the way – Boosting profitability through your financial statements
November / December 2014
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 876
Abstract: When it comes to making sense of dollars and cents, contractors may often feel like they’re fumbling around in the dark. Fortunately, the information available in their financial statements can light the way beyond just getting by into the happy land of greater profitability. This article discusses the basics of financial statements and some key ratios that can provide enlightening insights. A sidebar looks at a few general categories of key performance indicators that may help construction company owners catch and improve misaligned and underperforming aspects of their businesses.
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Board matters – Creating a governance policy
Year End 2013
Newsletter: Nonprofit Agendas
Price: $225.00, Subscriber Price: $157.50
Word count: 876
Abstract: A board governance policy protects your nonprofit’s board of directors as it guides the organization. It’s a framework for making ethical decisions, taking appropriate actions and handling real or potential conflicts. As this article explains, a sound governance policy spells out the role and duties of board members and gives an overview of how the board will operate. In addition, a sidebar notes, there are a number of additional policies relating to board oversight that a nonprofit should have in place.
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Workers’ compensation insurance – Experience rating modifiers make all the difference
Summer 2013
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 876
Abstract: Among the primary formulas that determine every construction company’s workers’ compensation insurance premiums is the experience rating modifier (ERM). Knowing even just a little about where it comes from and what it does can help a business better control its insurance costs. This article explains how insurance companies calculate an ERM and discusses what contractors can do to submit fewer workers’ comp claims. A sidebar offers a hypothetical example of two similar contractors with dissimilar ERMs — and the financial difference this makes.
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Plan to offer diverse investment options – Understanding ERISA diversification requirements
April / May 2013
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 876
Abstract: The Employee Retirement Income Security Act (ERISA) requires that a fiduciary diversify plan investments to minimize plan participants’ risk. Plan fiduciaries must act cautiously and solely in the best interest of the plan’s participants and beneficiaries. Who’s a fiduciary, and what are his or her responsibilities in a defined contribution (DC) retirement plan that allows participants or beneficiaries to direct their investments? This article answers these questions and more.
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How do you value that? — Noncompete agreements are a tricky intangible
Summer 2012
Newsletter: Expert / Valuation & Litigation Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 876
Abstract: Business appraisers are frequently hired to allocate value among a company’s individual assets, including intangibles. But a noncompete agreement is among the most difficult intangibles to value, because there’s little comparable transaction information available. Fortunately, a qualified appraiser can value a noncompete with confidence by sticking to several common-sense approaches. This article examines those approaches, while a sidebar notes that the value of a noncompete agreement also comes into play when divvying up a business interest for divorce. Citation: Banchefsky v. Banchefsky, No. 09AP-1011, Sept. 9, 2010 (10th Ohio App.)
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Need to purchase BOLI? – Here’s how to avoid being taxed
March / April 2011
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 876
Abstract: Life insurance proceeds are generally exempt from income tax, but special rules apply to business-owned life insurance (BOLI). This article describes the benefits of BOLI, along with Internal Revenue Code Section 101(j) restrictions designed to combat perceived abuses. It also describes what companies using BOLI need to do to be sure that new and existing life insurance policies are in compliance. A sidebar discusses employee notification procedures that must be carried out before a BOLI policy is issued.
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Solve your credit crisis with seller financing
June / July 2009
Newsletter: Merger & Acquisition Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 876
Abstract: With much of the credit markets in a deep freeze, M&A activity has, not surprisingly, declined. Many buyers simply can’t find the financing they need to make acquisitions. A prospective seller, however, can attract buyers or help keep a planned deal alive by agreeing to finance at least part of the acquisition by deferring a portion of the selling price. Seller financing can be accomplished through an installment plan or a seller loan. This article describes how either approach can benefit both parties.