May / June
Showing 113–128 of 621 results
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Could longer loan terms affect vehicle sales?
May / June 2020
Newsletter: Dealer Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 303
Abstract: The average price of a new car hit $38,377 at the end of 2019, which was up about 1% from a year earlier, according to Edmunds. To make monthly payments on new cars more affordable, some buyers are taking on longer loan terms, with the average loan term for a new vehicle now at 69 months. This article explores how longer loan terms may, or may not, affect car and truck sales.
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Expense management – Boost profits by cutting expenses
May / June 2020
Newsletter: Dealer Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 679
Abstract: Many dealerships focus on selling more to boost profitability. But sales volume alone doesn’t necessarily raise profits. In fact, pushing more sales through a bloated expense structure can result in lower net profits for a dealership. That’s why it’s important to look at the other side of the ledger — expenses — as you strive to increase your dealership’s profits. This article examines four broad expense categories and offers cost-cutting strategies.
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Protecting your store from the “inside job” – Strong internal controls will help deter fraud
May / June 2020
Newsletter: Dealer Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 616
Abstract: One of the best ways to mitigate employee fraud and embezzlement at a dealership is to implement a system of strong internal controls. This article spells out must-have controls that every store should have in place, plus other effective control measures.
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How the SECURE Act will impact retirement planning
May / June 2020
Newsletter: Dealer Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 859
Abstract: A new law took effect on January 1 that ushers in some of the most sweeping changes to employer-sponsored retirement plans in decades. The Setting Every Community Up for Retirement Enhancement (SECURE) Act is designed to make it easier for many businesses, including dealerships, to offer a retirement plan to employees — and for employees to save money for a financially secure retirement. This article covers the act’s main provisions geared toward employers and employees. A sidebar covers legislation eliminating stretch IRAs.
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7 red flags of an impending jobsite accident
May / June 2020
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 439
Abstract: An unfortunate fact of life is that accidents can happen — especially in construction. As the summer construction season heats up, it’s critical to keep workers safe. This article raises seven red flags that can warn you an accident is becoming more likely, including new faces on the jobsite and harmful noise levels.
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Playing the name game with a DBA
May / June 2020
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 554
Abstract: For a variety of reasons, contractors often need to retool their branding to better represent their services or reach new customers. Sometimes the best way to do this is to operate all or part of your business under a new name. This article explores the purposes and legal requirements of a “doing business as” filing.
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Don’t let accounts receivable fraud take what you’ve earned
May / June 2020
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 678
Abstract: Revenue coming into a business is an obvious temptation to a dishonest person. And, indeed, accounts receivable fraud is among the most common crimes committed internally against business owners — and contractors are hardly immune. This article describes common schemes, offers prevention tips and explains how to investigate.
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The best defense is a good account balance – Cope with delayed jobs through sound financial management
May / June 2020
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 960
Abstract: When a severe delay hits a project, a construction business’s financial risk tends to skyrocket. Even if the contractor isn’t at fault, the owner may withhold payments while the situation is sorted out. This article explains that the best defense is to strengthen the company’s financial position to the point where it can absorb the risk of a slowed-down job. A sidebar points out the importance of confidentiality when it comes to maintaining a cash reserve.
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Court clarifies damages for ESOP fiduciary breach
May / June 2020
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 411
Abstract: When an employee stock ownership plan (ESOP) is induced by the owner or other fiduciaries to overpay for the company’s stock, a court can order those fiduciaries to pay damages. This article summarizes how a Virginia trial court quantified damages in a recent fiduciary breach case. Pizzella (formerly Acosta) v. Vinoskey, No. 6:16-cv-00062 (W.D. Va. Aug. 2, 2019)
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Market approach: Is it right for your business?
May / June 2020
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 557
Abstract: The market approach is often used to value private businesses. It derives value from pricing multiples based on comparable businesses or ownership interests that have been sold. This article provides an overview of two methods under this approach — the guideline M&A method and the guideline public company method — and various criteria that valuation experts may use to identify comparables. Estate of Gallo v. Commissioner, T.C. Memo 1985-363
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Filing charges against a fraudster
May / June 2020
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 656
Abstract: After occupational fraud has been discovered, the case might proceed to civil litigation, criminal prosecution, both or neither. This article discusses the options victim-organizations face when fraud strikes and how in-house personnel and external forensic accounting experts can work together to help ensure that law enforcement receives the support it needs to prosecute a white collar criminal.
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Estate and gift tax valuations – 3 valuable lessons from the trenches
May / June 2020
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 840
Abstract: The IRS and taxpayers rarely see eye-to-eye when valuing businesses for estate and gift tax purposes. This article summarizes three recent developments from the U.S. Tax Court, a federal district court and the IRS Office of Chief Counsel that deal with the issue of fair market value in a federal estate and gift tax context. A sidebar explains why the IRS wouldn’t extend an estate’s deadline for claiming a refund under the financial disability exception. Cavallaro v. Commissioner, T.C. Memo. 2019-144 (Tax Ct. Oct. 29, 2019) Carter v. United States, No. 18-cv-01380-HNJ (N.D. Ala. Aug. 9, 2019)
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Estate Planning Red Flag – Your powers of attorney are stale
May / June 2020
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 261
Abstract: Although much of estate planning deals with what happens after one dies, it’s equally important for a person to have a plan for making critical financial or medical decisions if he or she is unable to make them for themselves. This article explains the need to review and update powers of attorney.
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Estate planning in the FAST lane
May / June 2020
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 550
Abstract: Traditional estate planning goals are still important, but affluent families are increasingly turning their attention to “softer,” yet equally critical, aspirations, such as educating the younger generation and preparing them to manage wealth responsibly, promoting shared family values, and encouraging charitable giving. To achieve these goals, many are turning to a “family advancement sustainability trust” (FAST). This article details how FASTs work.
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Sidestep the probate process to avoid the public eye
May / June 2020
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 804
Abstract: Probate can be time consuming and expensive, and perhaps its biggest downside is that it’s public. In fact, anyone who’s interested can find out what assets a person owned and how they’re being distributed after one’s death. This article takes a closer look at the details of the probate process and strategies available to keep much or even all of one’s estate out of probate.
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The SECURE Act – What it means for your retirement and estate plans
May / June 2020
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 874
Abstract: The Setting Every Community Up for Retirement Enhancement (SECURE) Act is one of the most significant pieces of retirement plan legislation in years. In addition to affecting retirement planning strategies, the new law may also impact a person’s estate plan, especially if the beneficiaries will inherit IRAs or employer-provided retirement accounts. This article details the key changes in the SECURE Act and explains its impact on estate planning. A sidebar examines the new law’s benefits to small business owners.