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RMDs are back – Here’s how to soften the tax blow
September / October 2021
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 916
Abstract: Required minimum distributions (RMDs) from IRAs and employer-sponsored retirement plans were suspended in 2020, but no such relief is available in 2021. This article looks at a couple strategies to help individuals soften the tax blow of RMDs. This includes naming a spouse as sole beneficiary and making a qualified charitable distribution. A sidebar suggests tax minimizing strategies for those nearing retirement.
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KPIs for contractors – Finding your way with mission-critical metrics
Spring 2016
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 916
Abstract: With proper preparation and guidance, contractors can have at their fingertips a wealth of statistical insight into how their companies are performing — far beyond the bottom line on an income statement. The metrics that make this possible are commonly referred to as key performance indicators (KPIs). This article looks at just a few of the best indicators to track. A sidebar discusses software that allows users to view KPIs in a visually dynamic manner.
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Employee misclassification – What contractors should know right now
January / February 2016
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 916
Abstract: Government agencies have long been watchful for “employee misclassification” — that is, treating an independent contractor like a bona fide employee to, inadvertently or otherwise, avoid tax and benefits obligations. And, right now, the scrutiny has never been greater. This article explains what contractors should know about this issue and the latest government compliance efforts. A sidebar reveals that the IRS and DOL have joined efforts in 26 states to enforce employee classification rules.
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Directing your attention to indirect costs – Their profitability impact is considerable
Fall 2011
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 916
Abstract: The potential impact of indirect costs is considerable. If contractors don’t stay on top of them, they can creep up over time and drag down profitability. This article lists examples of indirect costs, and how their treatment for tax purposes depends on the nature of a contract and the company’s accounting method. It also offers suggestions for reducing indirect costs. A sidebar discusses two depreciation-related tax breaks that are particularly valuable right now — and scheduled to expire at year end.
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Finding the appropriate valuation standard
September / October 2009
Newsletter: Viewpoint on Value
Price: $225.00, Subscriber Price: $157.50
Word count: 916
Abstract: Valuation isn’t static and can change depending on the purpose of the valuation. This article looks at the three most common standards of value: fair market, investment and fair. It briefly defines each standard and discusses the circumstances in which one standard may be more appropriate than another. The article points out that identifying the appropriate valuation standard up front can minimize confusion down the road. The goal is to arrive at a reasonable and supportable value conclusion in light of all the surrounding facts and circumstances.