Management & Tax Concepts

MTC

Showing 1–16 of 266 results

  • How to increase flexibility when using Flexible Spending Accounts

    Winter 2024
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 492

    Abstract: A Flexible Spending Account (FSA) can be used to pay health care or dependent care expenses. Typically, those who have an FSA account have to empty it before the end of the year or forfeit any remaining funds. But as this article highlights, employers may provide one of two ways, either a “grace period” or a “carryover of funds,” to avoid this “use-it-or-lose-it” rule.

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  • Prevent disaster with homeowners insurance

    Winter 2024
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 579

    Abstract: While risks of hurricanes, wildfires, robberies and floods vary somewhat according to location, it’s important to have a homeowners insurance policy that will cover any eventuality. There are many different types of homeowners insurance to fit various situations. Many policies also offer some coverage for the costs incurred to pay for living somewhere else while a home is being repaired after being damaged. This article takes a look at some of the ins and outs.

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  • Will the Corporate Transparency Act affect your business?

    Winter 2024
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 676

    Abstract: Businesses soon may need to meet a new reporting requirement mandated by the Corporate Transparency Act (CTA) and scheduled to take effect January 1, 2024. The CTA requires many companies to report beneficial owner information (BOI) to the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury. This article explains that the information reported is intended help prevent criminals, such as human and drug traffickers, from using anonymous shell companies to hide illicit proceeds.

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  • Push or pull? Coordinating your year-end tax moves

    Winter 2024
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 901

    Abstract: Despite some recent tax law changes, the year-end tax strategy of pushing income into 2024 to defer the tax normally due while at the same time pulling expenses into 2023 to offset a current tax liability still can make sense if tax rates are stagnant. This article offers several examples. A sidebar discusses what tax strategies make sense in regard to self-employment income.

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  • Substantiating business expenses: A primer

    Fall 2023
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 473

    Abstract: Businesses can generally deduct their “ordinary and necessary” business expenses. But even a legitimate expense isn’t deductible unless it’s adequately substantiated. This article explains that, typically, substantiation requires proof of payment and evidence showing the character and deductibility of the expenditure. It notes, though, that if a business is unable to fully substantiate an expense, the courts have some leeway to approximate deduction amounts, provided the business presents sufficient evidence to support an estimate.

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  • Are college scholarships and grants taxable?

    Fall 2023
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 617

    Abstract: With students headed back to campus, college finances are on the minds of many parents. This includes parents of students who have received scholarships and grants. Obviously, these funds help relieve some of the burden of paying for college. But many parents might be wondering whether they’re taxable. This article highlights a number of different factors that may determine the answer to that question, including whether the scholarship or grant funds are being used to pay for qualified education expenses or for optional expenses.

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  • Revenue strategies – How to maintain cash flow in a volatile economy

    Fall 2023
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 710

    Abstract: Most business owners know that sustaining a steady cash flow through the ups and downs of economic cycles is key to a business’s long-term success. But when they’re coping with an unpredictable economy and the many complexities of running a business, it’s easy for business owners to forget — or diminish — the importance of maintaining strong cash flow. This article reviews the cash flow cycles, including sales and disbursements, and notes the importance of incorporating data-tracking software into businesses’ accounting systems.

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  • Approaching age 65? Watch out for Medicare pitfalls

    Fall 2023
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 889

    Abstract: Americans who plan to work beyond the traditional retirement age of 65 need to begin planning for Medicare early to avoid costly pitfalls. Planning is particularly critical if their employers offer Health Savings Accounts (HSAs). This article explains the basics of how Medicare works and lists several issues to be aware of, including late enrollment penalties and loss of HSA deductions. A sidebar discusses the potential pitfalls of the six-month lookback period.

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  • How can you mitigate the tax impact of R&E expenses?

    Summer 2023
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 446

    Abstract: Businesses with significant research and experimentation (R&E) expenses need to review those expenses and evaluate their R&E tax strategies as a result of an amendment to the Tax Cuts and Jobs Act (TCJA). This article explains that currently, the amendment requires R&E expenses to be capitalized and amortized over five years (15 years for research activities conducted outside the United States). It points out that, though a legislative solution remains a possibility down the road, for now businesses are stuck with the capitalization requirement and should evaluate its impact on their tax bills.

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  • How to use stock options to recruit — and retain — employees

    Summer 2023
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 647

    Abstract: In an economy where the unemployment rate continues to be low, businesses are left with a conundrum: How can they hire and retain the best possible staff when potential job candidates have a wide range of positions to choose from? This article explains that to attract the highly skilled and motivated people a business needs to succeed, thinking beyond salary and benefits is key. It notes that one strategy to consider is to offer stock options as an incentive.

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  • The pros and cons of opening a self-directed IRA

    Summer 2023
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 648

    Abstract: Individual Retirement Accounts (IRAs) are one of the most popular tools used by Americans to save money for retirement. However, IRAs have limitations when it comes to the different ways to invest retirement savings. This article highlights a special type of IRA that lets individuals hold alternative investments in their retirement accounts: the self-directed IRA (SDIRA).

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  • Keeping up with interest rates – Try these estate planning strategies when interest rates rise

    Summer 2023
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 926

    Abstract: The success of many estate planning techniques is tied to interest rate levels. Some vehicles — such as grantor retained annuity trusts, charitable lead annuity trusts and intrafamily loans — work best when interest rates are low. Others, such as charitable remainder trusts and qualified personal residence trusts, become more effective as interest rates rise. This article points out that, due to recent interest rate increases, now may be a good time to consider estate planning vehicles that offer the greatest potential when interest rates are higher.

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  • Cafeteria plans: Avoid these common errors

    Spring 2023
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 441

    Abstract: Cafeteria plans offer attractive tax benefits for employer and employee alike. This article explains that while these plans give employees a choice between receiving taxable cash compensation and selecting from a menu of tax-free benefits, such as group term life insurance, accident and health plans, dependent care assistance, and adoption assistance, it’s important to keep in mind that these plans are covered by the Employee Retirement Income Security Act and must comply with several strict requirements.

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  • How to draft a will that passes the test of time

    Spring 2023
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 548

    Abstract: Regardless of a person’s age, financial circumstances or position, having a will is an important basic step that shouldn’t be ignored. Even those who have a will in place should review it periodically to make sure it still conforms to their wishes. This article suggests some important steps to take to ensure a will covers all the bases.

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  • How to manage taxes in retirement

    Spring 2023
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 747

    Abstract: Individuals planning and saving money for a financially secure retirement shouldn’t neglect the one factor that could make an important difference: the impact of taxes on retirement finances. This article notes that many retirees don’t consider how taxes will affect their retirement income. As a result, they may end up paying thousands of dollars more in taxes than they would have if they’d planned better. It points out that it’s a good idea for individuals to take steps now to plan for the impact of taxes on retirement finances.

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  • Multistate income tax issues for remote sellers

    Spring 2023
    Newsletter: Management & Tax Concepts

    Price: $225.00, Subscriber Price: $157.50

    Word count: 891

    Abstract: Businesses that engage in e-commerce must consider the tax implications of their Internet activities in other states. This article points out that in recent years, much of the discussion about multistate taxation has focused on sales tax, but that businesses should also consider the income tax implications of doing business across state lines. It notes that recently, the Multistate Tax Commission (MTC) revised guidance that may raise new income tax concerns for remote sellers. A sidebar looks at earlier MTC recommendations regarding e-commerce.

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