2022
Showing 337–352 of 467 results
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Asset values and the COVID-19 pandemic – Depressed values can affect your estate plan
March / April 2022
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 585
Abstract: A variety of estate planning strategies require having accurate valuations of assets. Indeed, the tax implications of these strategies depend on the fair market value of one’s assets when they’re transferred. The values of many assets may be temporarily depressed because of the COVID-19 pandemic. This article explains why now may be an ideal time to gift them, either directly to family members or to irrevocable trusts. Hiring a qualified valuation expert is essential to updating one’s estate plan for this limited-time opportunity.
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Corporations: Watch out for the PHC tax
March / April 2022
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 896
Abstract: Since the Tax Cuts and Jobs Act reduced the top federal corporate income tax rate to 21%, an increasing number of business owners are contemplating establishing their businesses as C corporations or switching their pass-through entities to C corporation status. However, entity choice is a complex decision that involves consideration of several financial, tax and legal factors. This article details one factor that a closely held C corporation shouldn’t overlook: potential liability for the personal holding company (PHC) tax. A sidebar explains the accumulated earnings tax (AET).
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Got crypto? Pay attention to new reporting requirements for digital assets
Spring 2022
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 483
Abstract: Those who’ve invested in specific digital assets — including most cryptocurrencies and some nonfungible tokens (NFTs) — need to be aware that new tax reporting rules will take effect starting with the 2023 tax year. The rules were added by the Infrastructure Investment and Jobs Act enacted in November 2021. This article explains the new reporting requirements for digital assets.
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Now may be the time for a cost segregation study
Spring 2022
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 523
Abstract: For business owners, now might be an ideal time to conduct a cost segregation study. During the COVID-19 pandemic, many businesses made improvements to their workspaces to make them safer for workers. A cost segregation study can help maximize the tax benefits associated with these improvements. This article explains that such a study can help businesses increase depreciation deductions, reduce tax bills and boost cash flow.
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Lighting a FIRE under your financial goals
Spring 2022
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 651
Abstract: Many people have been rethinking their approach to work and employment, and the COVID-19 pandemic has only accelerated this trend. This article notes that one strategy some people are considering is the idea of retiring early — in fact, even as soon as their 30s or 40s. This goal, sometimes known as Financial Independence, Retire Early (FIRE), requires an extreme focus on saving and frugality. The article points out that even those whose goals don’t include early retirement may gain some useful tips from aspects of the FIRE strategy.
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Consider taxes when moving to a new state
Spring 2022
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 897
Abstract: One byproduct of the COVID-19 pandemic is that for many jobs, remote work is here to stay. With greater flexibility to work from anywhere, many people are considering moving further away from their jobs, even to a new state. This article explains that relocating to another state can create income tax complications, so people will need to familiarize themselves with potential tax issues before they make a move.
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Businesses can still deduct 100% of restaurant meals
February 2022
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 249
Abstract: Business owners should remember that the 50% deduction limit for certain meals remains suspended in 2022. That means companies can deduct 100% of the cost of business-related, restaurant-provided meals. This brief article has the details.
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Could you have to pay a parent’s nursing home costs?
February 2022
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 380
Abstract: People with aging parents may worry about whether they could be held financially responsible for their parents’ nursing home bills if the parents can’t afford to pay them. This article explores filial responsibility laws, which are rarely enforced, and Medicaid’s estate recovery process.
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3 financial lessons of the pandemic
February 2022
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 478
Abstract: COVID-19’s rapid spread and the economic havoc that followed are vivid reminders of how unpredictable and volatile the broad economy — and each family’s personal finances — can be. This article discusses three financial lessons that may be learned from the pandemic.
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Get more worms by filing your taxes early
February 2022
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 563
Abstract: They say the early bird gets the worm. Early federal income tax filers may get a couple worms. This article discusses two benefits to filing early. A sidebar addresses the idea of not filing a 2021 tax return until one’s delayed 2020 tax refund is issued.
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Take steps to manage inflation’s impact
March / April 2022
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 414
Abstract: Longer life expectancies increase the risk that retirees will have to live on less income. Another risk that’s often overlooked is inflation. This short article explains how inflation can slow the growth of certain assts and erode the purchasing power of investments. It tells readers to work with advisors to develop an inflation-resistant investment strategy.
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Trusts can solve a variety of estate planning issues
March / April 2022
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 511
Abstract: Whether you’re trying to protect your assets from possible creditors, prevent young heirs from wasting their inheritance or minimize current taxes, there’s likely a trust for you. This article looks at a couple different types, including irrevocable and “spendthrift” trusts.
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Charitable giving – Spotlight on pooled income funds
March / April 2022
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 609
Abstract: For the charitably inclined, there are several ways to satisfy philanthropic objectives, receive tax benefits and even generate income. One option is the pooled income fund (PIF). This article shows how PIFs can provide some of the same benefits of a charitable remainder trust for a fraction of the set-up and operational costs.
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Your investment strategy: Active, passive or both?
March / April 2022
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 885
Abstract: Both active and passive investment strategies have supporters and critics, but many experts advocate combining both approaches in a diversified portfolio. This article defines each strategy, highlights their advantages and disadvantages and explains how to combine them given individual goals. A sidebar looks at a recent study that shows that actively managed funds post mixed results.
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Should you invest in custom software?
Spring 2022
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 429
Abstract: Contractors are regularly urged to buy the latest and greatest high-tech solutions, but no software tool is perfect. Some construction business owners might consider engaging an outside firm to help them develop a customized software solution. This article explores some of the factors to consider when weighing the “buy vs. build” decision.
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Strategize to manage materials and labor costs
Spring 2022
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 537
Abstract: The COVID-19 pandemic’s ongoing impact on supply chains and labor have made managing project costs increasingly difficult for construction companies. In today’s climate, getting supplies and people to jobsites when they’re needed calls for more planning. This article suggests various strategies to consider.