974
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Don’t wait! Take these last-minute steps now to reduce your 2019 tax bill
Year End 2019
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 974
Abstract: As the year draws to a close, there’s still time for individuals to effectively reduce their tax bills. This article offers some useful strategies for year-end tax planning. It also suggests several steps individuals can take, including grouping deductible expenses together and making contributions to employer-sponsored retirement plans, that can help reduce their tax bill. A sidebar explains that it’s important for employees who have Flexible Spending Accounts (FSAs) to keep tabs on their FSA balances at the end of the year so as to avoid forfeiting money.
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The summary judgment standard – Fourth Circuit makes important points in ADA case
November / December 2015
Newsletter: Employment Law Briefing
Price: $225.00, Subscriber Price: $157.50
Word count: 974
Abstract: A plaintiff claiming violations of the ADA is never good news for an employer. This article looks at a case that not only shows one employer’s missteps in the ADA accommodation process, but also sheds light on the summary judgment standard to which trial courts often must adhere. A sidebar describes another case that delves deeper into the importance of employers engaging in a good-faith interactive process with employees seeking ADA accommodations.
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Strength in numbers — Why audited financial statements matter
November / December 2012
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 974
Abstract: Sound, trustworthy financial statements are key to any construction company’s success. That’s why every contractor should at least consider investing in audited financial statements. Many lenders and sureties require contractors to provide such statements before they’ll approve loans or bonding. Some local and state governments also provide increased work and project award capacity to construction companies with audited statements. This article discusses the contractor’s responsibilities during the audit process, while a sidebar explores the less thorough, but less expensive, options of a compilation or review.
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How effective is your audit committee?
August / September 2010
Newsletter: Public Company Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 974
Abstract: In the eight years since the Sarbanes-Oxley Act came into being, the audit committee has become directly responsible for appointing, compensating and overseeing external auditors and preapproving auditors’ audit and nonaudit services. Given this critical role, the audit committee should be evaluated periodically. One way is for the committee to perform annual self-evaluations. This article discusses the benefits and risks, along with ways to reduce the downside. A sidebar looks at common approaches to self-evaluation.
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Tax Court ruling – Can you deduct a subsidiary’s expenses?
April / May 2010
Newsletter: Public Company Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 974
Abstract: In a 2009 decision, the U.S. Tax Court held that a company couldn’t deduct expenses it had paid on a subsidiary’s behalf, because they weren’t ordinary and necessary to its own trade or business. This opinion provides a guide for distinguishing between deductible expenses and capital contributions. The court suggested that the outcome might have been different if the taxpayer had operated other businesses whose reputations or credit ratings would have suffered as a result of its failure to cover its subsidiary’s obligations. Indeed, a sidebar to this article illustrates such a case, in which a deduction was allowed.
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3 depreciation tips you’ll appreciate
August / September 2008
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 974
Abstract: To encourage business investment, the tax code provides opportunities for companies to deduct the cost of depreciable assets more quickly or even “expense” them — that is, deduct the full cost in the year they’re purchased. This article offers three tips for making the most of these opportunities. A sidebar discusses provisions in the Economic Stimulus Act of 2008 that enhance depreciation deductions.