July / August
Showing 129–144 of 616 results
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Tax Tips – Helping employees pay down student loan debt
July / August 2019
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 407
Abstract: These brief tips explain guidance the IRS provided to one employer regarding paying down employees’ student debt; explore the concept of “upstream” estate planning; and detail overlooked charitable deductions.
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The GST tax and your estate plan: What you need to know
July / August 2019
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 565
Abstract: The Tax Cuts and Jobs Act doubled the generation-skipping transfer (GST) tax exemption to $10 million beginning last year. The exemption is adjusted annually for inflation. (For 2019, the exemption amount is $11.4 million.) However, even though most families won’t be affected by the GST tax, it’s important to note that, beginning in 2026, the GST tax exemption is scheduled to return to a pre-TCJA level of $5 million. This article defines the GST tax and explains potential allocation pitfalls.
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Income tax withholding – Examine your withholding allowances today
July / August 2019
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 604
Abstract: Even if a person claimed an appropriate number of withholding allowances on Form W-4, there’s no guarantee that the total withholdings will match one’s tax liability for the year. Many people learned this lesson the hard way during the 2018 tax filing season, receiving smaller refunds than expected or even owing the IRS more taxes. This article explains the problem with withholding tables and discusses how to avoid surprises next year.
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Partnerships: If you’re audited, will you be ready?
July / August 2019
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 904
Abstract: The Bipartisan Budget Act of 2015 established a new “centralized audit” regime for partnerships, including LLCs taxed as partnerships. Although the new audit rules apply to partnership tax returns for tax years beginning after 2017, the IRS didn’t finalize regulations on these rules until December 2018. This article reviews the new audit rules and discusses steps partnerships should take if they’re audited.
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Are you meeting your sales and use tax obligations?
July / August 2019
Newsletter: Dealer Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 347
Abstract: The consequences of failing to comply with sales and use tax requirements can be severe. In some states, dealership owners can be held personally liable for unpaid sales and use taxes — even if they’ve delegated this responsibility to one of their employees. This article explains various aspects of determining sales tax nexus.
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Keeping on top of regulatory compliance
July / August 2019
Newsletter: Dealer Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 574
Abstract: Some of the key federal rules and regulations that specifically affect auto dealerships are aimed at protecting consumers. This article provides a brief overview of the Financial Privacy rule, the Safeguards rule, the Disposal rule and the Red Flags provision. Also highlighted are Reg Z, Reg M, and protections against misleading advertisements.
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4 common reasons dealerships fail
July / August 2019
Newsletter: Dealer Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 714
Abstract: Dealership owners have a responsibility to plan for worst-case scenarios. This article addresses four common reasons behind dealership failure and some steps dealer-owners can take to avoid them.
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Going green – How to run a sustainable dealership
July / August 2019
Newsletter: Dealer Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 840
Abstract: Proactive auto dealerships use more efficient renewable energy sources and reduce overall energy and water consumption. This article highlights a couple of “green dealer” programs and describes some recent program prize winners. A sidebar focuses on the Business Energy Investment Tax Credit, which provides a financial incentive for dealerships to install commercial solar and geothermal energy systems.
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Construction Success Story – Contractor looks out for everyone with a SEP-IRA
July / August 2019
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 446
Abstract: This issue’s “Construction Success Story” features a contractor who owns a small subcontracting company. He recently found himself facing the dual challenge of trying to retain skilled workers while saving for his own retirement. The contractor’s CPA suggested exploring the advantages of a Simplified Employee Pension plan paired with an IRA (SEP-IRA).
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How CRM software can help build business relationships
July / August 2019
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 543
Abstract: In construction, building relationships can be just as important as building structures. But keeping track of multiple clients, contacts and projects can be challenging — especially for contractors who spend more time on jobsites than in the office. This article looks at a potential solution: customer relationship management software.
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Turning your surety’s frown upside-down
July / August 2019
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 593
Abstract: Bad luck and unforeseen circumstances can put any construction company in jeopardy of losing bonding capacity or even ending its relationship with a surety altogether. This article suggests some fundamental ways to turn a surety’s frown upside-down and get back on the right track.
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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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MUM’s the word – Court upholds simplified method to allocate goodwill in divorce
July / August 2019
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 459
Abstract: When the marital estate in a divorce case includes a private business interest, a valuation expert may be needed to allocate value between personal and business goodwill. To determine the proper allocation, courts increasingly are accepting a straightforward approach known as the multiattribute utility model (MUM). This article explains how this model works and how it was accepted in a recent Illinois Second District Court of Appeals case. In re Marriage of Preston, No. 2-17-0656, Ill. App., Aug. 1, 2018
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4 signs of A/R fraud
July / August 2019
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 603
Abstract: Accounts receivable (A/R) are often a popular fraud target, because of the high volume of transactions that go through the A/R account. These types of fraud can be costly, but early detection can help minimize losses. This article identifies four signs that something is amiss with receivables: slow turnover, missing controls over financial reporting, excessive write-offs and errors, and customer complaints.
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Fair market value: Dissecting Revenue Ruling 59-60
July / August 2019
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 659
Abstract: IRS Revenue Ruling 59-60 provides a step-by-step outline of the factors to consider when valuing a private business. This article outlines those factors, as well as revealing other hidden details in the fine print of this guidance.
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Exelon Corp. v. Commissioner – Attorney’s role in property valuation backfires
July / August 2019
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 821
Abstract: The key to a solid appraisal is the expert’s independence. Though it can sometimes be tempting to try to influence an appraiser’s conclusions, the potential consequences can be costly. This article summarizes a recent tax case where the Seventh Circuit Court of Appeals found that meddling by the taxpayer’s legal counsel in the appraisal process rendered the reports “useless,” leading to almost $90 million in underpayment penalties. A sidebar highlights limits on like-kind exchanges under the Tax Cuts and Jobs Act. Exelon Corp. v. Commissioner, 7th Cir., No. 17-2964, 17-2965, October 3, 2018