Management & Tax Concepts
Showing 65–80 of 262 results
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Business tax planning – Can you deduct 2020 bonuses this year?
Fall 2019
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 426
Abstract: Businesses may be familiar with the rule that permits them to deduct employee bonuses this year if they pay employees within 2½ months after the end of the tax year. It’s an attractive year-end planning technique that lets a business enjoy a tax deduction this year, while its employees needn’t report the income until next year. It’s important to understand the requirements, however, because these tax benefits aren’t always available. This article provides a quick review.
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A valuation may be what your business requires
Fall 2019
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 537
Abstract: With the economy currently healthy, but its future uncertain, many U.S. companies face challenges. Chief among these is financing — which isn’t easy to secure, because lenders imposed tough standards after the last recession and fear another hit. A business valuation conducted by an outside expert can help a dealership present lenders with timely, in-depth financial data. A valuation also will turn up important company-specific information, including an awareness of market conditions and specific risks the dealership faces.
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On FIRE: 5 strategies for retiring way early
Fall 2019
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 638
Abstract: A new financial movement is afoot in which some people are striving to retire much sooner than the traditional retirement age of 65. Referred to as FIRE — or Financial Independence, Retire Early — the strategy involves saving for retirement very aggressively, mainly by living a super-frugal lifestyle. In some cases, people are retiring as early as their 30s or 40s by putting FIRE principles into practice. Even if the goal isn’t to retire this early, a person can still learn a few things from the FIRE movement that could help ignite retirement goals.
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Investors, make your tax-related moves now
Fall 2019
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 839
Abstract: The investment portfolio is an area that’s ripe for examination when looking for ways to reduce an individual tax bill. Techniques such as harvesting capital losses are highly effective and can be implemented quickly. Investment decisions should never be driven by tax considerations alone. But if buying or selling a security makes financial sense, it pays to take taxes into account when timing investment moves. This article offers several strategies to consider. A sidebar discusses the wash sale rule, which prevents an investor from buying substantially identical securities within 30 days before or after the sale — and techniques to mitigate a related risk.
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Rental real estate investors get guidance on pass-through deductions
Summer 2019
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 553
Abstract: The IRS has provided welcome guidance to rental real estate investors seeking to take advantage of the new Section 199A “pass-through” deduction. Notice 2019-07 establishes a safe harbor under which qualifying rental real estate enterprises will be treated as a “trade or business” eligible for the deduction. This article explains the requirements for safe harbor and options available to investors who don’t meet the safe harbor requirements.
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Ownership structures – How should you own your vacation home?
Summer 2019
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 632
Abstract: Given the unique aspects of vacation home ownership, a limited liability company (LLC) is often the best ownership structure from a management and tax standpoint. This article discusses some of the benefits of the LLC structure, including asset and creditor protection, estate and gift planning considerations, and more.
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Choosing an employee retirement plan
Summer 2019
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 590
Abstract: Businesses offering their employees a retirement plan for the first time have some tried-and-true choices. This article spotlights four types of plans: traditional and Roth 401(k)s, Simplified Employee Pensions, and SIMPLE IRAs.
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Sales tax compliance after Wayfair – “Heads up!” to businesses delivering products or services out of state
Summer 2019
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 794
Abstract: Since the U.S. Supreme Court’s landmark 2018 decision in South Dakota v. Wayfair, most states have enacted, begun enforcing or proposed “economic nexus” statutes. These statutes impose sales tax collection obligations on out-of-state sellers based on their economic activities in the state, regardless of whether they have a physical presence in that state. This article discusses the effects of Wayfair, including the concept of “nexus” and steps that businesses must take to comply with state laws.
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Borrowing alternatives for businesses – Your need for capital will color your financing choice
Spring 2019
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 587
Abstract: Bank loans come in a variety of shapes and sizes, but most fall into one of several broad categories. This article sums up lines of credit, term loans, commercial mortgages and government loan programs. It also suggests other places to look for funds beyond the bank, such as peer-to-peer lending.
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QOFs may defer and even minimize capital gains tax
Spring 2019
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 593
Abstract: When individuals sell a business interest, real estate or other highly appreciated property, they’ll likely be hit with a substantial capital gains tax bill. One way to soften the blow — if they’re willing to tie up the funds long term — is to “roll over” the gain into a qualified opportunity fund (QOF). This article describes the benefits of a new federal QOF program, including deferring, and even reducing, the tax on the original gain and possibly avoiding tax on future appreciation within the QOF.
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Should you choose a traditional or a Roth IRA?
Spring 2019
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 633
Abstract: It’s important to understand the differences between a traditional IRA and a Roth IRA before investing in one of them. This article discusses the pros and cons of each investment vehicle to help retirement savers make the choice that is best for them. The taxation of withdrawals, tax deductions and early withdrawal penalties are among the factors discussed.
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Tax-smart charitable giving: 5 strategies to consider in 2019
Spring 2019
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 720
Abstract: Typically, tax breaks are not, by themselves, the top motivating factor for charitable giving. But taxes are an important consideration, partly because they may affect how much an individual chooses to give. This article offers five tax strategies for enhancing the tax benefits of charitable gifts.
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After tax reform, does it pay to itemize?
Winter 2019
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 643
Abstract: The choice to take the standard deduction or itemize your deductions is now more complicated under the Tax Cuts and Jobs Act. By nearly doubling the standard deduction and limiting itemized deductions, the act reduces or eliminates the benefits of itemizing for many people. This article reviews the most significant changes for tax year 2018 and discusses some tax strategies under the new law.
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Your business’s real estate: Avoiding a costly mistake
Winter 2019
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 534
Abstract: Many businesses choose to separate ownership of the building and real estate from the business itself. The strategy shields these assets from claims by creditors if the company ever files for bankruptcy. And the property is better protected against claims that may arise if a customer is injured on the property and sues the business. This article briefly discusses the tax angle of such a move and its implementation. The challenges of family owned businesses are also discussed.
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IRS provides guidance on pass-through deduction
Winter 2019
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 771
Abstract: The new Section 199A “pass-through” deduction provides valuable tax benefits for owners of sole proprietorships, S corporations, partnerships and limited liability companies taxed as partnerships. This article explains that new IRS guidance on the deduction answers many questions that taxpayers had, and may be relied on until the agency issues final regulations.
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Why you absolutely need a last will and testament
Winter 2019
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 603
Abstract: Creating a will is the simplest and most basic step a person can take as part of the estate planning process. But, reportedly, only 44% of adults have done so. This article explains how having a professionally written will simplifies the estate settlement process for loved ones. It also provides steps for drafting a will.