999
Showing all 8 results
-
First-year bonus depreciation and Sec. 179 expensing: Beware the pitfalls
Winter 2021
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 999
Abstract: Many manufacturers are eligible for tax write-offs for certain equipment purchases and building improvements. These write-offs can do wonders for a manufacturer’s cash flow, but whether to claim them isn’t always an easy decision. In some cases, there are advantages to the regular depreciation rules. This article reviews why it’s critical to look at the big picture and develop a strategy that aligns with a company’s overall tax-planning objectives. A short sidebar covers the deductibility of website costs.
-
Buy-sell agreements: Handle with care
January / February 2018
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 999
Abstract: If a person owns an interest in a family-owned or other closely held business, a buy-sell agreement should be a key component of his or her estate plan. These agreements specify whether — and under what circumstances — owners’ interests may be transferred, ensuring that the business stays in the family and meeting other important estate and succession planning goals. This article details the advantages and tax implications of a buy-sell agreement. It also includes a sidebar that explains the differences between a shareholder agreement and a buy-sell agreement.
-
State death taxes can be hazardous to your estate
Year End 2013
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 999
Abstract: Now that the federal gift and estate tax exemption is permanently set, many people are feeling more relaxed about the need for estate planning. But it’s important not to overlook state death taxes. Without planning, these taxes could generate significant tax bills for a family. This article discusses such tax-minimizing strategies as credit shelter trusts, gifting, and even relocating to another state. A sidebar discusses another strategy: the spousal lifetime access trust (SLAT).
-
IRS ruling may make it easier to deduct bonus accruals
January / February 2013
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 999
Abstract: Many contractors may distribute safety and performance bonuses for the previous year’s work after year end. Until recently, they could deduct these “bonus accruals” on their tax return for the “performance year” (rather than the “payment year”) only if by the end of the performance year they specified exactly how much each eligible employee would receive. Now, under IRS Revenue Ruling 2011-29, bonus accruals may be more easily deductible in the year accrued. This may be beneficial because it allows contractors to accelerate the deduction, deferring tax. This article discusses details of the ruling, including rules that must be met to claim the deduction. A sidebar looks at some exceptions to the Revenue Ruling.
-
Help wanted, help available — You have options for finding skilled labor
Fall 2012
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 999
Abstract: Contractors have options for finding skilled workers right away — and a related tax break may await. This article looks at the Work Opportunity tax credit for contractors who hire veterans in 2012, and lists additional labor networks it may be possible to tap. It also discusses longer-term solutions, such as quality customer service, positive publicity and educational outreach. But it’s also important to vet potential hires; a sidebar lists five important safeguards to implement when hiring.
-
Should an FLP be in your family business’s succession plan?
April / May 2012
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 999
Abstract: One of the biggest concerns for family business owners is succession planning — transferring ownership and control of the company to the next generation. A family limited partnership, or FLP, can help owners gradually transfer ownership while still retaining control. It can also provide protection from creditors. This article explains how to establish an FLP and transfer assets to children or other family members. A sidebar cautions about some of the risks of FLPs that are improperly established or administered.
-
Growth rate becomes critical to lost profits calculation
July / August 2011
Newsletter: Valuation & Litigation Briefing / Litigation & Valuation Report
Price: $225.00, Subscriber Price: $157.50
Word count: 999
Abstract: In commercial cases involving lost profits, selecting an appropriate growth rate is a critical step in calculating damages. It’s also one of the most challenging. Depending on the amount at stake and the length of the damages period, adjusting the growth rate by just a few percentage points can have a significant effect on the outcome. This article looks at one lost profits case in which the court found that the plaintiff’s expert’s general approach was sound but that his method of selecting the growth rate wasn’t. A sidebar discusses one of the court’s criticisms in particular. Citation: Manpower Inc. v. Insurance Company of the State of Pennsylvania, No. 08C0085 (E.D.Wis. 09/20/2010)
-
Closing the deal with seller financing
September / October 2010
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 999
Abstract: The recent dearth of financing options has prompted some motivated sellers to consider offering seller financing, an arrangement previously associated with smaller transactions. Sellers interested in closing larger deals are now seeing the benefits, but they also face many complexities. This article looks at why seller financing might be a good option, along with what the seller should consider and what tax issues come into play. A sidebar lists the documentation that sellers should obtain when navigating a seller-financed deal.