2022
Showing 113–128 of 467 results
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It’s time to vote – Watch out for IRS limits on nonprofit political activities
Fall 2022
Newsletter: Profitable Solutions for Nonprofits
Price: $225.00, Subscriber Price: $157.50
Word count: 814
Abstract: The mid-term elections are near, and jockeying for 2024 elections isn’t far behind. That makes this a good time to review the IRS rules regarding Section 501(c)(3) organizations and political activities. This article reviews the rule and how noncompliance can lead to costly excise taxes and jeopardize a nonprofit organization’s tax-exempt status. A short sidebar discusses the concerns for nonprofits that primarily advocate on certain issues.
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New study highlights use of crypto in fraud
September / October 2022
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 446
Abstract: Every two years the Association of Certified Fraud Examiners (ACFE) publishes its Report to the Nations, which highlights key fraud trends. New to the study in 2022 were statistics on the role cryptocurrency plays in fraud. This article discusses these findings along with potential risks of using crypto for day-to-day business transactions.
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Discounting damages – A dollar today is worth more than a dollar tomorrow
September / October 2022
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 641
Abstract: When calculating economic damages, financial experts must discount lost profits to their net present value. But a small difference in the discount rate can have a big impact on an expert’s conclusion. This article discusses how experts decide on the appropriate loss period and discount rate, based on market conditions and the risk of the business or product.
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Trapped-in gains: To discount or not to discount?
September / October 2022
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 582
Abstract: When valuing a C corporation, a key issue is often whether it’s appropriate to apply a discount for trapped-in capital gains, even when a sale of the business (or its highly appreciated assets) isn’t imminent. This article summarizes a recent Louisiana Court of Appeals case that addresses when a discount may be appropriate — and explains why it was inappropriate in this case. Shop Rite, Inc. v. Gardiner, No. 21-0371 (La. App. Dec. 29, 2021).
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Buckley v. Carlock – Appellate court affirms “blue-sky” method for valuing car dealerships
September / October 2022
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 859
Abstract: The Tennessee Court of Appeals recently affirmed a lower court’s application of the so-called “blue-sky” method to determine fair value in a shareholder oppression case. This article summarizes the details of the case and explains that courts are allowed to tweak generally accepted valuation methodology to achieve an equitable outcome under the fair value standard. A sidebar addresses the issue of recovery for attorneys’ fees by the prevailing party. Buckley v. Carlock, No. M2019-02294-COA-R3-CV (Tenn. App. Feb. 28, 2022).
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Meaningful benchmarks matter when evaluating portfolio performance
September / October 2022
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 323
Abstract: This short article explains why, when evaluating an investment portfolio, it’s important to select the right benchmark. For example, investors should choose a market index or other benchmark that resembles a portfolio’s asset allocation and geographical exposure.
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Teaching your kids the basics of money management
September / October 2022
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 561
Abstract: Kids are never too young to learn about money and how to manage it responsibly. This article advocates customizing money messages to children’s ages and interests. It makes specific suggestions for young children, grade schoolers, tweens and adolescents. For example, 4-year-olds usually can understand the difference between needs and wants, while high schoolers may be ready to handle a credit card.
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Spouses benefit from Social Security, too
September / October 2022
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 669
Abstract: Qualifying individuals can receive up to 50% of their spouse’s full Social Security retirement benefit or their own Social Security benefit, whichever is greater. This article provides an overview of the calculation process. It also explains eligibility and when people should apply for spousal benefits.
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Living in retirement – How to overcome a fear of spending your savings
September / October 2022
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 968
Abstract: Despite accumulating retirement savings for decades, some retirees are reluctant to spend their hard-earned wealth. This article explores the reasons and suggests solutions such as dividing savings into three baskets: one for liquid investments to pay for current expenses, one for intermediate-term expenses and one for riskier investments, such as stocks. A sidebar encourages people to start saving for retirement as early as possible.
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A family budget for your needs — today and tomorrow
August 2022
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 245
Abstract: A good family budget should be simple yet comprehensive. As this brief article explains, this objective can be accomplished by addressing both the near term (such as day-to-day items) and the long term (such as college education and retirement).
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Too much inventory at your business? Trim the fat!
August 2022
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 382
Abstract: Inventory is expensive, so it needs to be as lean as possible without compromising revenue and customer service. This article provides some suggestions to help businesses trim the fat from inventory and some useful inventory ratios for benchmarking and evaluating product mix.
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Should you digitize your tax and financial records?
August 2022
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 483
Abstract: Traditionally, important tax and financial records have been stored as hard copies in desk drawers, filing cabinets and safe deposit boxes. These days, it has become increasingly popular and easy to digitize documents and store them electronically. This article explores the advantages and risks of this approach.
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When is employer-provided life insurance taxable?
August 2022
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 546
Abstract: Employer-provided life insurance can be a great benefit, with the cost of part of it excluded from an employee’s taxable income. Participating employees need to be aware that this exclusion only applies to the first $50,000 in coverage, and the employer-paid cost of the excess will be reported on the employee’s Form W-2. This is true even if the life insurance is never received. A sidebar reveals how the value of that taxable income is determined.
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Beware of 3 common valuation pitfalls
September / October 2022
Newsletter: Viewpoint on Value
Price: $225.00, Subscriber Price: $157.50
Word count: 442
Abstract: The presence of an error, misstatement or erroneous deviation from customary business valuation practice in an expert’s report is a risky proposition. It could trigger (or worsen) an IRS inquiry or perhaps lead to an embarrassing courtroom mishap. This article identifies some common pitfalls that qualified valuation pros avoid — and to which less-than-qualified ones often fall prey.
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ESOP valuations: How much is too much?
September / October 2022
Newsletter: Viewpoint on Value
Price: $225.00, Subscriber Price: $157.50
Word count: 499
Abstract: The U.S. Department of Labor recently suffered a resounding defeat in Walsh v. Bowers. This article explains why a federal district court rejected the DOL’s claim that an employee stock ownership plan (ESOP) overpaid for the sponsoring company’s stock. Walsh v. Bowers, No. 18-00155 SOM-WRP (D. Hawaii Sept. 17, 2021).
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Divorce valuation hinges on expert credibility
September / October 2022
Newsletter: Viewpoint on Value
Price: $225.00, Subscriber Price: $157.50
Word count: 581
Abstract: A recent Nebraska divorce case illustrates how differences in experts’ assumptions can have a dramatic impact on valuations. This article explains how five critical assumptions affected the experts’ conclusions regarding the value of the husband’s roofing business as of December 31, 2018. Cain v. Cain, No. A-21-068, Court of Appeals of Nebraska (February 1, 2022).