Winter
Showing 1–16 of 772 results
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Midsize firms poised to profit from growing demand
Winter 2023
Newsletter: Law Firm Management
Price: $225.00, Subscriber Price: $157.50
Word count: 476
Abstract: The latest edition of the Thomson Reuters Institute’s Report on the State of the Midsize Legal Market paints a generally “bullish” picture for midsize law firms — with the average midsize firm outperforming its Am Law 100 counterparts in demand growth in the first half of 2022. It cautions, though, that multiple challenges remain. This article reviews some important statistics based on data from U.S.-based firms.
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Investing in alternative business structures – ABA ethics opinion sets out rules
Winter 2023
Newsletter: Law Firm Management
Price: $225.00, Subscriber Price: $157.50
Word count: 630
Abstract: The American Bar Association opened the door to attorneys’ passive investments in so-called alternative business structures (ABSs) with a 2021 formal ethics opinion. But the permission comes with significant limitations that attorneys should take into account before — and after — making such investments. This article reviews the ethics opinion and the conflict analysis lay firms will need to conduct to take advantage of these arrangements.
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It’s time to review your client trust account practices
Winter 2023
Newsletter: Law Firm Management
Price: $225.00, Subscriber Price: $157.50
Word count: 628
Abstract: Handling client money happens daily in every law firm. State ethics rules require most attorneys to use trust funds to segregate client funds from firm funds. Maintaining these client trust accounts (CTAs) while meeting a state’s ethics rules can be onerous, but following the rules is better than sanctions or potential disbarment. CTA rules vary by state, and this article highlights ways law firms can monitor their CTA practices.
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Pass-through entity taxes – How law firms can manage the SALT deduction limit
Winter 2023
Newsletter: Law Firm Management
Price: $225.00, Subscriber Price: $157.50
Word count: 791
Abstract: Many high-income taxpayers were upset when the Tax Cuts and Jobs Act of 2017 imposed a $10,000 limit on the federal income tax deduction for state and local taxes (SALT). In response, at least two dozen states and New York City have implemented pass-through entity taxes (PTETs) that provide a workaround for those eligible. This article looks at what such taxes mean for law firm partners, members and shareholders. A short sidebar delves into the difference in the laws of a couple of states.
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Prepare for stricter cybersecurity on DoD contracts
Winter 2023
Newsletter: Construction Industry Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 430
Abstract: Winning a U.S. Department of Defense (DoD) contract can mean a substantial revenue boost for a construction company. But any entity that works on a DoD job will soon have to comply with the Cybersecurity Maturity Model Certification program. This article outlines the program and discusses why contractors should consider a cybersecurity assessment regardless of whether they plan to bid on a DoD contract.
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The essentials of a subcontractor prequalification process
Winter 2023
Newsletter: Construction Industry Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 542
Abstract: General contractors are masters of logistics and coordination. But the success of most projects depends on one or more reliable subcontractors to get certain tasks done and done right. This article describes some of the essentials of a formal process for thoroughly vetting subcontractors so general contractors can rest assured that their jobs will be in good hands when the time comes.
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Succession planning is a journey of many steps
Winter 2023
Newsletter: Construction Industry Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 678
Abstract: Many construction businesses feature an owner who’s generally well known and liked by employees, customers, vendors, investors and advisors. This is great, but what happens when this individual is ready to retire or is otherwise compelled to step down? That’s where a succession plan comes in. This article discusses some of the general concepts of succession planning.
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Business interest expense: How much can you deduct?
Winter 2023
Newsletter: Construction Industry Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 886
Abstract: If there’s one thing that every construction company owner enjoys, it’s a healthy tax deduction. However, the Tax Cuts and Jobs Act set forth a limitation on deductions of business interest expense. This article explains how small businesses can qualify for an exemption, how the limitation is calculated and how some companies can opt out of the limitation altogether. A sidebar looks at how a construction company could end up defined as a “tax shelter.”
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Bank Wire – FDIC offers guidance on multiple NSF fees
Winter 2023
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 417
Abstract: This brief summary of the latest developments in banking looks at recent FDIC guidance to address the issue of multiple NSF fees, discusses an update to the FTC Safeguards Rule and notes that financial companies and institutions that fail to safeguard consumer data may violate federal consumer financial protection laws.
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Should community banks think about ESG initiatives?
Winter 2023
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 602
Abstract: An increasing number of organizations — including many banks — are embracing environmental, social and governance (ESG) initiatives. Although being a good corporate citizen may be its own reward, there’s evidence that responsible ESG practices may produce ample financial benefits. This article points out that banks might benefit from evaluating the ESG impact of their activities and considering ways to incorporate ESG practices and initiatives into their operations.
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True or false? Assess borrowers’ financial restatements
Winter 2023
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 635
Abstract: Occasionally, business owners or financial officers may determine that the business’s financial statements need to be revised or corrected. This article explains that when borrowers provide a bank with corrected or restated financial statements, the bank needs to be vigilant and double-check the numbers. It may be that the restatements simply correct an honest mistake. Alternatively, there may be fraud involved. The article highlights the importance of investigating the underlying cause of financial restatements to stay ahead of any potential problems.
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Monitoring and managing interest rate risk
Winter 2023
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 900
Abstract: For community banks, interest rate risk is a part of doing business, so banks need to monitor that risk and take steps to control it. This article notes that the “right” level of risk depends on several factors, including the size and complexity of a bank’s operations, as well as the sufficiency of its capital and liquidity to withstand the potential adverse impact of interest rate fluctuations. It also points out that managing interest rate risk is particularly important in light of recent rate increases.
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Protect your practice from the many forms of fraud
Winter 2023
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 575
Abstract: It’s estimated that the average organization loses 5% of its annual revenue to fraud. Physician practices are no exception. Various types of malfeasance can not only hurt a practice financially, but also severely damage its reputation. This article explains the importance of protecting a medical practice against fraud by employees, vendors, patients and other individuals. The article suggests several preventive measures that may help, including implementing strong internal controls and cross-training.
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Should you use social media as a marketing tool?
Winter 2023
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 488
Abstract: Social media marketing isn’t for every practice. But if used carefully and skillfully as a marketing tool, social media can be a relatively inexpensive way of reaching current and prospective patients. This article looks at the pros and cons of using social media, and lists some essential best practices to ensure the optimum outcome. The article notes that to stay competitive in today’s sophisticated technological environment, many medical practices have established a social media presence.
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How to pick a new practice associate or partner
Winter 2023
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 748
Abstract: Sooner or later, a growing medical practice will need to take on another associate or partner to support that growth and keep the practice profitable long term. Of course, there is always a risk of picking the wrong person and throwing a wrench into the works. This article offers some ways to help ensure a mutually beneficial and successful working relationship, including asking pertinent questions and choosing the right compensation structure.
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Shooting for the stars – Use positive reviews to attract new patients
Winter 2023
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 869
Abstract: As business is increasingly conducted virtually, whether it involves shopping, banking or medical visits, among the best ways to attract new patients to a practice is via online reviews. Online reviews from other consumers — or patients — provide guidance that many people trust. This article suggests that medical practices should request online reviews as part of patient surveys. It points out that just as businesses rely on surveys and online reviews to market themselves and improve their products and services, physician practices can do the same. A sidebar provides some sample review questions.