2019
Showing 129–144 of 598 results
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Staying one step ahead of capital gains tax
October / November 2019
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 723
Abstract: The end of the year is a good time for individuals to revisit tax strategies with an eye toward ensuring they’re taking any and all actions needed to reduce their tax bills. One area to look at is capital gains. This article notes that, while rising value is a good thing, the gains on selling an investment are potentially taxable. It points out that, with proper planning, a taxpayer can reduce capital gains tax liability — and avoid unpleasant surprises.
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Top year-end tax-planning tips for businesses
October / November 2019
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 890
Abstract: Business owners are still getting used to the massive tax law changes that generally went into effect last year. But it’s still possible to take steps before the end of the year to reduce liability. This article presents some options to consider, such as making capital purchases, establishing a new retirement plan and reviewing entity structure. The article also points out that all of these strategies could affect other aspects of a business’s tax planning, so obtaining professional advice is essential. A sidebar discusses the tax-minimizing strategy of deferring income while accelerating expenses.
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4 types of information you need to prepare for disaster
September 2019
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 270
Abstract: When one reads the phrase “disaster prep,” bottled water and boarded-up windows may come to mind. But information is also a critical asset to have following a natural or manmade catastrophe. This article describes four specific types of information that everyone needs to keep on hand.
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How businesses can assess risk of worker misclassification
September 2019
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 407
Abstract: Classifying a worker as an independent contractor means an employer isn’t obligated to pay many payroll-related taxes. But doing so may also draw IRS scrutiny. This article discusses key factors and proactive measures in following the rules when it comes to independent contractors.
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Double up on tax benefits by donating appreciated artwork
September 2019
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 482
Abstract: From a tax perspective, appreciated artwork can make one of the best charitable gifts. It’s doubly beneficial because a taxpayer can both enjoy a tax deduction and avoid capital gains taxes one would owe from selling the property. This article explains the applicable requirements and provides tips on maximizing the deduction.
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The tax cost of divorce has risen for many
September 2019
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 550
Abstract: Anyone who’s divorced or in the process of divorcing needs to understand how the Tax Cuts and Jobs Act has changed the tax treatment of alimony. Unfortunately, for many couples, the news isn’t good — the tax cost of divorce has risen. This article delves into the details.
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COMPLIANCE ALERT
October / November 2019
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 125
Abstract: This feature lists a few key tax reporting deadlines for October and November.
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New exempt status income threshold could impact 401(k) plan costs
October / November 2019
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 408
Abstract: The 401(k) plan employer contribution formula for hourly employees that includes overtime pay may increase plan costs next year — along with overtime pay outlays. That’s because of the Department of Labor’s proposed revised rule increasing the income threshold for overtime pay eligibility that’s expected to kick in after the final rule is published. This short article reviews the proposed rule and what it means for plan sponsors.
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Warn participants of the risks of front-loaded deferrals
October / November 2019
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 473
Abstract: Some 401(k) plan participants have been known to shoot themselves in the foot when taking aim at higher investment returns. Some of these individuals may not be open to advice, but plan sponsors can still provide information about the dangers of firing blindly and expecting to hit a target. This article looks at a case in point: front-loading deferrals in hopes of boosting returns over the course of the year.
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IRS liberalizes availability of self-correction program for plan “failures”
October / November 2019
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 620
Abstract: A recent IRS Revenue Procedure allows plan sponsors to jump through fewer hoops to fix several so-called “plan failures” relating to plan loans. Specifically, plan sponsors can now fix more categories of loan glitches using the streamlined Self-Correction Program (SCP) under the IRS’s umbrella Employee Plans Compliance Resolution System, instead of the more burdensome Voluntary Correction Program (VCP). This article highlights what plan sponsors need to know about the changes.
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Will a merger or acquisition upend your 401(k) plan? Beware of ERISA entanglements and higher costs
October / November 2019
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 1071
Abstract: Companies contemplating buying another company, or a division of one, must assess and plan for the impact on their 401(k) plan, and that of the company they’re acquiring, before pulling the trigger. The same applies for companies on the receiving end of an acquisition (though they might not be able to do as much if they’re the acquisition target). This article reviews the important decisions that companies must make regarding 401(k) plans when part of a merger or acquisition. A short sidebar reviews two ways to merge 401(k) plans.
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Tax calendar
Fall 2019
Newsletter: Business Matters
Price: $225.00, Subscriber Price: $157.50
Word count: 273
Abstract: This calendar notes important tax deadlines for the fourth quarter of 2019.
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Mortgage matters: To pay down or not to pay down
Fall 2019
Newsletter: Business Matters
Price: $225.00, Subscriber Price: $157.50
Word count: 282
Abstract: If you’re a homeowner and have some extra cash after paying the monthly bills, should you use it to pay down your mortgage or invest those dollars in the stock market? This brief article expresses some thoughts on this age-old question.
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Cost segregation studies can benefit business owners
Fall 2019
Newsletter: Business Matters
Price: $225.00, Subscriber Price: $157.50
Word count: 316
Abstract: Any business owner who’s acquired, constructed or substantially improved a building this year — or even in previous years — should read up on the tax benefits of a cost segregation study. This article explains how undertaking one may lead to accelerated depreciation deductions, which reduce current taxes and boost cash flow.
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Is “bunching” medical expenses still feasible in 2019?
Fall 2019
Newsletter: Business Matters
Price: $225.00, Subscriber Price: $157.50
Word count: 374
Abstract: Among the most important impacts of the Tax Cuts and Jobs Act is its increase of the standard deduction. This article explains how the increase has affected the strategy of “bunching” deductible medical expenses into one year to save tax dollars.
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Step carefully with loans betwixt a business and its owner
Fall 2019
Newsletter: Business Matters
Price: $225.00, Subscriber Price: $157.50
Word count: 541
Abstract: It’s common for owners of closely held businesses to transfer money into and out of the company. But it’s critical to make such transfers properly or risk unwanted IRS attention. This article explains how and why a transfer should be defined as a loan — not as compensation or a distribution.