904
Showing all 10 results
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Executors and trustees – The name game
February / March 2020
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 904
Abstract: It’s important to name executors and trustees who can provide the necessary expertise in handling assets and duties. This article details the duties of an executor and a trustee. A sidebar explains the need to name successors in the event one’s first choice can’t meet obligations.
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Partnerships: If you’re audited, will you be ready?
July / August 2019
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 904
Abstract: The Bipartisan Budget Act of 2015 established a new “centralized audit” regime for partnerships, including LLCs taxed as partnerships. Although the new audit rules apply to partnership tax returns for tax years beginning after 2017, the IRS didn’t finalize regulations on these rules until December 2018. This article reviews the new audit rules and discusses steps partnerships should take if they’re audited.
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Subcontractor focus – How to better manage your distinctive financial challenges
July / August 2018
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 904
Abstract: Subcontractors face a distinctive set of financial challenges when they’re brought into a project. It’s important for them, as business owners, to occasionally reassess these factors and how they’re affecting their companies’ success. This article discusses the role of subcontractors and the importance of strong credit. A sidebar looks at why subcontractors should approach payment disputes with general contractors reasonably.
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CMS relaxes 60-day overpayment rule
Summer 2016
Newsletter: Healthcare Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 904
Abstract: The so-called “60-day rule” requires hospitals to report and return overpayments. The CMS recently released the much-anticipated final rule on overpayment reporting and return. This article provides background on the final rule, describes some of the changes and emphasizes the importance of compliance programs. A sidebar looks at allowable reporting processes.
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Running on empty – Decision highlights patent drafting danger
August / September 2015
Newsletter: Ideas on Intellectual Property Law
Price: $225.00, Subscriber Price: $157.50
Word count: 904
Abstract: Patent drafting is as much an art as it is a science. After all, while courts have general rules for interpreting patents — such as the rule that preamble language doesn’t limit a patent’s claims — exceptions exist. This article looks at one recent and particularly relevant example. A sidebar lists circumstances in this case where the court found that disavowal or disclaimer compelled departure from the plain meaning of claim terms. Pacing Technologies, LLC v. Garmin Technologies, Inc., No. 2014-1396, Feb. 18, 2015 (Fed. Cir.)
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Get some answers – Final IRS regulations address capitalization vs. expensing
Winter 2014
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 904
Abstract: This past fall, the IRS released its long-awaited final regulations on the tax treatment of expenditures related to tangible property. So contractors and other business owners finally have some answers to the “deduct or capitalize” quandary. This article discusses a couple of safe harbors to the capitalization requirement; the tests that are used to determine whether an expense should be capitalized; and replacement of the former ceiling on expensed amounts with a new safe harbor determined at the invoice or item level. A sidebar looks at key changes to rules covering materials and supplies.
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Constraints on capital – What’s holding your bank back?
Fall 2010
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 904
Abstract: A struggling economy affects bank capital on both sides of the equation: It hurts earnings and it increases risk. But this article shows that downgraded securities, deferred tax assets, and new rules requiring certain assets to be reflected on balance sheets can have a direct impact on bank capital levels. The article also discusses new proposals that would significantly impact bank capital requirements. And a sidebar explains why the SEC might regard a small community bank as public even if it never makes a public stock offering.
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The hard road ahead – Managing the costs and risks of long-term contracts
July / August 2010
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 904
Abstract: Long-term contracts (those exceeding a 12-month period) can be tempting for contractors, as they’re typically associated with lower levels of competition and higher revenue. But because these arrangements transfer the risks from owners to contractors, many sureties hesitate to bond them. Even if bonding is obtainable, escalating costs and unforeseen glitches are a special concern in these types of jobs. But there are steps that contractors can take to become more bondable. A sidebar discusses tax and accounting considerations of long-term projects.
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Rounding up recently released accounting standards
June / July 2010
Newsletter: Public Company Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 904
Abstract: The Financial Accounting Standards Board (FASB) has released a flurry of new standards — and guidance on old ones — in recent years. Some of the changes clarify existing standards, and others strive to converge U.S. Generally Accepted Accounting Principles (GAAP) with International Financial Reporting Standards (IFRS). This article discusses updates that expand fair value disclosures, relax subsequent events disclosures and consolidate variable interest entities. A sidebar looks at other issues that FASB and the International Accounting Standards Board are currently reviewing.
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Is something afoot? “Ordinary observer” test used to determine design patent anticipation
June / July 2010
Newsletter: Ideas on Intellectual Property Law
Price: $225.00, Subscriber Price: $157.50
Word count: 904
Abstract: Design patents can be invalid if the designs aren’t original. But when is a design “anticipated”? When a patent holder sued a retailer for selling an allegedly infringing product, the retailer successfully claimed that the designs were anticipated by a third party’s similar products. On appeal, the patent holder contended that the court had erred by basing its determination only on the ordinary observer test and failing to apply the point of novelty test. But the Federal Circuit concluded that the former must logically be the sole test for anticipation as well as infringement. However, as a sidebar to this article explains, the court did find fault with the district court’s application of the ordinary observer test.