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Achieve true payroll enlightenment – Setting up automated accruals of benefits and insurance costs
July / August 2019
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 978
Abstract: Contractors need to understand the total cost of payroll so they can track how much each project is costing them. This article explains how to accrue on-site workers’ benefits and insurance costs under an automated job-costing process. A sidebar adds an important point about making monthly adjustments to the documented accruals.
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Construction accounting update – New revenue recognition rules to “go live” soon
Winter 2018
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 978
Abstract: For privately held companies, Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers, is due to go live with annual reporting periods beginning after December 15, 2018. Contractors who follow GAAP need to be ready. This article covers how the rules will affect new construction, as well as renovation and installation projects. A sidebar looks at the important distinction between accounting rules and tax law.
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College financing: An integral part of your estate plan
March / April 2013
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 978
Abstract: Grandparents often want to play a role in financing their grandchildren’s college educations. But it’s important that they consider the impact that different financing options will have on their estate plan. This article looks at the estate planning implications of grantor and Crummey trusts and the Section 2503(c) minor’s trust, along with direct tuition payments on behalf of grandchildren. A sidebar shows how a health and education exclusion trust (HEET) can be advantageous in regard to generation-skipping transfer (GST) tax.