Management & Tax Concepts
MTC
Showing 1–16 of 262 results
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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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Noncorporate taxpayers: Watch out for the excess business loss limitation
Winter 2023
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 462
Abstract: One advantage of operating a business as a sole proprietorship or pass-through entity (partnership, S corporation or limited liability company) is the ability of owners to deduct some business losses on their individual tax returns. In other words, business losses can offset nonbusiness income, such as wages, interest, dividends or capital gains. However, this article points out that the limit on excess business losses could reduce the deduction. It explains that taxpayers need to talk to their tax advisors about alternative tax-planning strategies for reducing or deferring taxable income.
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When should you start your estate plan?
Winter 2023
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 718
Abstract: The consequences of delaying estate planning too long can be devastating to surviving family members. This article notes that if someone dies without a last will and testament, for example, state law might end up deciding who receives that person’s assets. It further points out that without a medical directive, an individual’s wishes with regard to end-of-life care decisions might not be followed. The article explains that even people who have created estate plans should review them periodically.
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4 steps to take before selling your business
Winter 2023
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 756
Abstract: In a volatile economic climate, it’s wise for business owners to be prepared for every eventuality — including the possibility they’ll need to sell their businesses fast. This article explains that even if a sale isn’t urgent, it’s important to prepare the business for potential sale. The article suggests four helpful steps for business owners to take as they consider putting their businesses on the market.
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Expanded energy tax incentives benefit businesses
Winter 2023
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 914
Abstract: The Inflation Reduction Act (IRA), signed into law in August 2022, contains provisions designed to reduce carbon emissions and spur development of clean energy. The act also significantly expands energy-related tax incentives for businesses in general as well as for individuals. This article looks at the expansion of two valuable tax breaks for eligible real estate developers, builders and owners: the tax credit for new energy-efficient homes and the deduction for energy-efficient commercial buildings. A sidebar discusses the updated electric vehicles tax credit.