Management & Tax Concepts
Showing 97–112 of 262 results
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Hobby or business? The IRS wants to know
Fall 2017
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 423
Abstract: If a person generates a side income from a passion like cooking, woodworking or bookselling — or anything else — he or she should be aware of the tax implications of earning this money. This article explains how the tax implications vary depending on whether the activity is treated as a hobby or a business.
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Reap the tax benefits of a qualified small business retirement plan
Fall 2017
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 599
Abstract: An employer-sponsored retirement plan is an attractive way for executives and employees to save for their retirement — and for the company to enjoy the tax advantages of setting one up. This article explores the features of three types of plans: SEPs, SIMPLE IRAs and Safe Harbor 401(k)s.
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They’re back: Audit rules targeting partnerships can now be applied
Fall 2017
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 709
Abstract: The IRS has reissued proposed partnership audit regulations, withdrawn earlier this year as part of the Trump administration’s regulatory freeze. The proposed Centralized Partnership Audit Regime regulations (Reg-136118-15) — reportedly identical to the withdrawn regulations — apply to partnership tax years starting after December 31, 2017. But partnerships can elect to apply them for partnership tax years starting after November 2, 2015. This article explains what the new rules require and how they will affect a partnership’s tax liability.
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Saving for college – Debunking some common Section 529 plan myths
Fall 2017
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 809
Abstract: Section 529 plans have become one of the most popular tools to save for children’s college education, largely because of their favorable tax treatment: If the funds are used to pay for qualified education expenses, the earnings accumulate tax-free. But myths about these plans exist. This article debunks five common myths, to help parents use Section 529 plans to full advantage.
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How to reap tax benefits from a summer vacation
Summer 2017
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 405
Abstract: People who are self-employed and planning a vacation this summer can potentially reap financial benefits by combining the summer getaway with a business trip and claiming some valuable tax deductions. This article highlights determining what’s tax-deductible and what the IRS considers “reasonable and necessary” expenses.
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Is your business taking advantage of the R&D tax credit?
Summer 2017
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 582
Abstract: One potentially lucrative tax break often overlooked by business owners is the research and development (R&D) tax credit. This article explains the rules behind getting the credit, which is now permanent, including a four-part test, expenses that qualify and new offsets.
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Business valuations: A learning process
Summer 2017
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 639
Abstract: A professional business valuation can serve many purposes beyond being a necessary step when a business owner is ready to sell the business. This article explores some of the benefits: from being better able to secure financing to gaining a better understanding of the company. And, undeniably, a valuation can better prepare the business for salability.
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Asset protection – Shielding your individual wealth today
Summer 2017
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 860
Abstract: Many affluent individuals have worked hard for years to accumulate assets and create wealth, but haven’t taken steps to protect their hard-earned assets. This article suggests some asset strategies an individual can put in place, including learning what the law is in his or her state, purchasing liability insurance, and setting up a trust. A sidebar spotlights the role of domestic asset protection trusts.
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Recent IRS regulations simplify Roth IRA rollovers
Spring 2017
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 419
Abstract: Roth IRAs are a popular choice for many individuals wanting to enjoy tax-free growth and distributions of their retirement savings. And thanks to final regulations recently released by the IRS, it’s now easier and more efficient to transfer after-tax funds from designated Roth accounts to Roth IRAs or other designated Roth accounts. This article highlights how Roth account distributions were previously taxed and what eliminating the separate distribution rule means for individuals.
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The benefits of donating appreciated stock
Spring 2017
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 569
Abstract: Making charitable donations is a high priority for many individuals and families. Doing so enables them to financially support charitable organizations and causes they believe in and may lower their income taxes. This article discusses the benefits of donating publicly traded stocks or securities.
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Do you know the secret to a strong cash flow?
Spring 2017
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 705
Abstract: Effectively managing cash inflows and outflows doesn’t happen without strong intent and conscious planning. This article looks at the most important considerations for creating and maintaining strong cash flow, including the sales and disbursements cycles, and accounting and financial statement considerations.
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Net operating losses – Losing money might have a silver lining
Spring 2017
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 763
Abstract: If a business’s tax-deductible expenses exceed its taxable income in a given year, this results in a net operating loss (NOL). While no business wants to lose money, with proper planning the company might be able to use NOLs to reduce its tax liability. This article discusses the complex rules — and simple concept — behind this tax strategy, as well as the decision to carry NOLs back or forward. A sidebar offers examples of how NOLs can save taxes.
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Beware of the “kiddie tax” trap
Winter 2017
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 428
Abstract: Making gifts to children and grandchildren is a strategy sometimes used to reduce taxes. Doing so may shift a person’s income into a lower tax bracket and remove assets from his or her taxable estate. But those who employ this strategy should beware of a hidden tax sometimes called the “kiddie tax.” This article explains the tax and offers strategies to stay clear of it.
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Business planning – It’s time to get moving on your 2017 goals
Winter 2017
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 578
Abstract: The start of a new year is a great time for management teams to analyze how their companies performed in the previous year, relative to the goals and objectives set forth in their business plans. Based on this analysis, they can then set new goals and objectives. This article focuses on examining key performance indicators and setting objectives.
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Paying for LTC insurance with your life insurance policy
Winter 2017
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 638
Abstract: At least 70% of people over the age of 65 will require some level of long-term care service, and that care can be very expensive. Long-term care insurance can be an effective way to protect a nest egg against this expense. This article explains the IRS rule about a partial or full exchange of a life insurance policy for a long-term care policy and the tax benefits.
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Cash vs. accrual accounting: Different ways to count your beans
Winter 2017
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 864
Abstract: There are two accounting methods used by businesses to keep track of income and expenses — cash-basis accounting and accrual-basis accounting — and it’s critical to understand the differences between the two. This article contrasts the two methods and explains how the timing of company income and expenses factors in. A sidebar discusses congressional proposals to limit the use of cash-basis accounting.