General & Family Business
Showing 209–224 of 1042 results
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Running your personal finances like a business
Spring 2019
Newsletter: Business Matters
Price: $225.00, Subscriber Price: $157.50
Word count: 631
Abstract: Most individuals don’t regard themselves as businesses, trying to turn a profit and beat the competition. But, occasionally, it may help to look at one’s financial situation this way to determine where to cut expenses and boost cash flow. This article provides some tips, including creating a personal net worth statement and practicing risk management.
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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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Save more with retirement savings accounts
April / May 2019
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 441
Abstract: To help people save more for retirement, limits on the amounts they can contribute to many types of retirement plans have increased. This article looks at some common retirement plans and specifies how the limits have changed for each one. The article suggests that boosting contributions this year could both reduce this year’s tax bill and increase retirement savings.
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Does the TCJA affect the “price” of your donations?
April / May 2019
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 731
Abstract: For years, charitable givers have benefited from tax breaks that provided them with extra incentive to donate substantial amounts to charities of their choice. With the passage of the Tax Cuts and Jobs Act (TCJA), however, that incentive has been reduced for many taxpayers. This article discusses the potential tax impact in light of the new rules. By understanding the impact of the new tax rules on giving, individuals can set up a giving plan that benefits everyone involved.
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Getting up to speed – Now may be the time to purchase business vehicles
April / May 2019
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 684
Abstract: The Tax Cuts and Jobs Act (TCJA) more than tripled depreciation allowances for “luxury autos.” It also temporarily enhanced “bonus” depreciation for some business assets, boosting first-year depreciation deductions for passenger autos and allowing businesses to immediately deduct the full cost of heavier vehicles. This article suggests that, to reduce the costs of purchasing one or more vehicles for business purposes significantly, business owners may be able to take advantage of these enhanced tax breaks.
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How to prepare for the new lease accounting standard
April / May 2019
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 886
Abstract: The goal of the Accounting Standards Update Leases (Topic 842) — often referred to as ASC 842 — is “to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements,” according to the FASB. This article offers some steps companies can take to prepare to comply with the new standard. It notes that, while the work required to comply is significant, it will lead to a better understanding of the lease terms in effect — thus helping companies leverage economies of scale and more effectively negotiate future leases.
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Paying off your mortgage before you retire
February / March 2019
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 440
Abstract: A Fannie Mae study found that less than 50% of homeowners age 65 to 69 were mortgage-free in 2015, down 10 percentage points from 2000. This brief article notes that homeowners will probably come out ahead by eliminating their mortgages before they stop working — but not always. The article discusses the pros and cons of paying off mortgages before retirement.
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Family matters – Will tax reform affect your 2018 return?
February / March 2019
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 734
Abstract: Taxpayers filing their 2018 tax returns on the new Form 1040 should expect to see some big differences — not just in the form itself, but also in their bottom lines. This year’s return will reflect changes made by the Tax Cuts and Jobs Act (TCJA), and for many families the act will live up to its name. But not everyone will enjoy a tax cut — some households may see their tax bills go up. This article discusses some of the ramifications of the TCJA for families.
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Just passing through – How to deduct business losses after the TCJA
February / March 2019
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 731
Abstract: The pass-through entity structure, which includes sole proprietorships, partnerships, S corporations and certain limited liability companies (LLCs), provides owners with some valuable tax benefits, such as avoidance of double taxation and the potential ability to deduct losses from the business on their individual tax returns. But under the Tax Cuts and Jobs Act (TCJA), there are some new limitations on deducting business losses. This article looks at the changes in the rules and how they might affect owners of pass-throughs.
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Best practices in issuing pay raises
February / March 2019
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 831
Abstract: Typically, business owners offer raises that recognize employee expertise, accomplishments and loyalty while keeping their pay scales roughly in line with those offered by other firms in their industries and geographic locations. A business might want to reward specific employees who’ve made contributions to the company, but it will also want to maintain a level of equity with other workers’ compensation — while at the same time keeping payroll costs in line. This article explains how businesses can balance these competing goals by taking such steps as standardizing the criteria they use to determine raises and setting up a raise schedule. A sidebar discusses options when an employee is unhappy with a raise.
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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.