General & Family Business
Showing 161–176 of 1042 results
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New overtime pay rules for 2020
February / March 2020
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 774
Abstract: The new rules governing overtime pay, which the Department of Labor (DOL) announced in September 2019, carry an effective date of January 1, 2020. The changes are significant, so it’s important for businesses to ensure compliance with them. This article notes the biggest change, which is the increase in the earnings threshold required to exempt many executive, administrative and professional employees from the minimum wage and overtime requirements of the Fair Labor Standards Act (FLSA). The article explains which businesses will be most affected and how to claim an exemption from overtime regulations for specific types of employees. A sidebar suggests that judicious use of overtime is one strategy for keeping budgets in check.
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Congress enhances taxpayer rights with the Taxpayer First Act
Winter 2020
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 418
Abstract: The TFA, signed into law in July 2019, expands and strengthens taxpayers’ rights and protections in their dealings with the IRS. This article highlights the Act’s key provisions: the independent appeals process, third-party contracts, innocent spouse relief, and cybersecurity and identity theft protection. Technological improvements are also summarized.
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Keep these trustee traits front and center
Winter 2020
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 614
Abstract: A critical but often overlooked aspect of estate planning is deciding who will serve as the trustee for your estate. This person will be responsible for managing all related financial, tax and administrative affairs and, therefore, should be chosen carefully. This article addresses the trustee’s duties and the decision about whether to designate an individual or a corporate trustee to handle settling the estate. Trustee services and fees also are discussed.
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Sailing the seas of business on a healthy cash flow
Winter 2020
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 680
Abstract: Pulling in revenue that will ultimately boost the bottom line is every business’s goal. However, keeping the company in prime shape to seize profitable opportunities and overcome financial challenges is related to another objective: having a healthy cash flow. This article explains two cycles important to a healthy flow: the sales cycle and disbursements cycle. The importance of complete and accurate accounting also is discussed.
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Partnerships: Are you ready for the new IRS audit rules?
Winter 2020
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 842
Abstract: It’s critical for partnerships, including limited liability companies taxed as partnerships, to consider the potential impact of “centralized audit” rules that are now in force. This article outlines steps you can take before an IRS audit to minimize the burden. This includes opting out of the new rules (if eligible), amending your partnership agreement and appointing an appropriate “partnership representative.” A sidebar discusses the procedure for “opting out” of the rules.
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Tax calendar
Winter 2020
Newsletter: Business Matters
Price: $225.00, Subscriber Price: $157.50
Word count: 398
Abstract: This calendar notes important tax deadlines for the first quarter of 2020.
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Do you know your tax bracket?
Winter 2020
Newsletter: Business Matters
Price: $225.00, Subscriber Price: $157.50
Word count: 234
Abstract: The Tax Cuts and Jobs Act generally reduced individual tax rates through 2025, but some taxpayers have actually seen their taxes go up because of reductions or eliminations of certain tax breaks. This brief article explains why it’s important for taxpayers to know their brackets.
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Every business owner needs an exit strategy
Winter 2020
Newsletter: Business Matters
Price: $225.00, Subscriber Price: $157.50
Word count: 363
Abstract: Business owners must monitor the cash flow and tax positions of their companies, while also looking out for their own personal financial futures. This article looks at how to lay the foundation for a strong exit strategy using a buy-sell agreement and family-focused succession planning techniques.
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What to do about fraudulent credit or debit card charges
Winter 2020
Newsletter: Business Matters
Price: $225.00, Subscriber Price: $157.50
Word count: 376
Abstract: It’s an awful feeling for anyone to learn that his or her credit or debit card has been used fraudulently. Whether the cardholder is liable typically depends on the type of card, whether he or she still possesses the card and when the card issuer is alerted. This article provides further details.
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Determining an employee’s “home” for reimbursement purposes
Winter 2020
Newsletter: Business Matters
Price: $225.00, Subscriber Price: $157.50
Word count: 520
Abstract: Despite the prevalence of Web-based meetings, many of today’s businesses still have plenty of employees who travel. For companies that reimburse employees on a tax-free basis for travel expenses, it’s important to stay up to date on the rules that determine the location of a person’s tax home. This article discusses the IRS’s three-factor test to determine whether an employee with no principal workplace has a tax home or is an itinerant.
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Don’t let your tax obligations for statutory employees fall through the cracks
Year End 2019
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 428
Abstract: Many businesses work with outside contractors. Statutory employees are in a category that falls somewhere between employee and independent contractor. Whether workers are considered statutory employees can have a significant impact on certain tax obligations. This article explains the criteria the IRS uses to classify employees as statutory and discusses the potential tax impact for employers.
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Feast or famine: Protecting a windfall
Year End 2019
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 551
Abstract: Receiving an inheritance, a legal settlement or prize winnings may seem wonderful, but it can also raise new problems. It’s important for recipients to use smart strategies that will help ensure the money continues to grow over the long term. This article offers some guidelines and advice for recipients that will help them avoid potential traps and pitfalls. It suggests that it’s a good idea to determine the tax obligations on the amount received, pay off any debt and increase savings before spending the money. The article points out that, with care, thought and planning, a windfall can help provide financial security.
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Remote control – State sales tax guidelines for remote sellers
Year End 2019
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 612
Abstract: As Internet commerce increases, the number of states imposing sales and use tax on remote sellers continues to grow. The actions of many states are a response to the June 2018 U.S. Supreme Court decision in South Dakota v. Wayfair, ruling that states may collect sales or use taxes from businesses that lack a physical presence within the state. This article notes that businesses should be aware of these changing state and local tax laws, taking a look at some of the pertinent issues — including determining nexus and the importance of monitoring and compliance.
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Don’t wait! Take these last-minute steps now to reduce your 2019 tax bill
Year End 2019
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 974
Abstract: As the year draws to a close, there’s still time for individuals to effectively reduce their tax bills. This article offers some useful strategies for year-end tax planning. It also suggests several steps individuals can take, including grouping deductible expenses together and making contributions to employer-sponsored retirement plans, that can help reduce their tax bill. A sidebar explains that it’s important for employees who have Flexible Spending Accounts (FSAs) to keep tabs on their FSA balances at the end of the year so as to avoid forfeiting money.
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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.