General & Family Business

Showing 17–32 of 1030 results

  • To amend a return or not to amend? That may be the question for filers

    April / May 2023
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 502

    Abstract: The question of whether to have an amended return filed for 2022 has to be decided individually on its own merits. This article points out that there’s a general consensus that an individual should file an amended return immediately if he or she owes more tax as a result of an omission or misstatement. It notes that this can be a tougher call if the tax was overpaid by a small amount.

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  • Use crowdfunding to jump-start your business

    April / May 2023
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 668

    Abstract: For a business that could use additional funding — perhaps to launch itself or to introduce a new product — “crowdfunding” might be a solution. This article explains that crowdfunding refers to raising money using online platforms. It lists the various types of crowdfunding available, such as rewards-based and equity-based, and notes some laws and regulations relevant to the crowdfunding model.

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  • A fair shake – How to implement a pay raise program that pays off

    April / May 2023
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 692

    Abstract: At a time when many businesses are competing for what appears to be a shortage of excellent employees, payment is one of the most important issues. This article explains that a business needs to have a pay scale in place commensurate with other businesses in the same industry. The article suggests some factors to consider as business owners evaluate their pay raise systems to ensure that they meet business goals and those of employees going forward.

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  • 6 ways to beat the tax clock

    April / May 2023
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 957

    Abstract: Tax Day 2023 — the deadline for filing individual 2022 tax returns — is right around the corner. But as this article points out, there’s still time left for individuals to lower their 2022 tax bills if they act fast. The article offers six last-minute strategies to consider, including catching up on IRA contributions and carrying over capital losses. It notes that individuals need to think both short- and long-term to gain the most from these strategies. A sidebar discusses the benefits for small business owners of putting money in a Simplified Employee Pension (SEP) for retirement purposes.

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  • New law upgrades home energy credits

    February / March 2023
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 453

    Abstract: The new Inflation Reduction Act (IRA), signed in August of 2022, rewards homeowners for going green. This article explains that taxpayers now may qualify for either or both of two enhanced tax credits: the “residential clean energy credit” (previously the energy-efficient property credit) and the “energy-efficient home improvement credit” (previously the “nonbusiness energy property credit”). The article offers a brief overview of both credits.

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  • How to choose a trustee for your estate

    February / March 2023
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 608

    Abstract: One of the most significant aspects of an estate plan isn’t to whom the assets will be distributed but who will oversee their distribution. This article points out that the trustee an individual chooses will play a significant role in managing all of the financial aspects of the estate after death, so it’s wise to consider this decision carefully. The article explains some of the factors to consider in that decision, such as whether the trustee should be an individual or a professional and whether fees will be incurred.

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  • Navigating inflation – Chart a course for success

    February / March 2023
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 687

    Abstract: With prices jumping more than 8% over the past year or so, it’s not surprising that roughly 85% of small business owners recently said they’re concerned about the impact of inflation. This article suggests some steps business owners can take to help their businesses survive — and possibly even thrive — during these volatile economic times, including reviewing inflation’s impact by product line and investing in technology to improve efficiency.

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  • What method should you use to deduct business vehicle expenses?

    February / March 2023
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 876

    Abstract: Businesspeople who use their passenger cars, vans or pickup trucks for business driving can generally deduct expenses attributable to the use of those vehicles, just like one that’s owned by the business. But it’s important to note that they can deduct only the portion of their overall expenses that’s attributable to their business use. This article points out that there are two ways to arrive at a deduction for the current year — the actual expense method or the standard mileage rate. A sidebar presents an example of how the deduction might work.

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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.

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  • Fast write-offs for start-up costs

    Year End 2022
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 453

    Abstract: It can be expensive to launch a business today, but new business owners may be able to deduct some start-up costs in the first year of operation. The trick is to get the business up and running before the end of the year. This article discusses a special tax law break that may be helpful to start-up businesses if they qualify.

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  • How should you manage overtime?

    Year End 2022
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 613

    Abstract: Payroll is one of the largest expenses for many businesses. So, while employers need to comply with the regulations that govern salaries and wages, they also need to work within their budgets. This article points out that effectively managing overtime is key to reaching these goals, and offers some useful strategies, including cross-training workers and leveraging technology to automate some tasks.

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  • How to make a family vacation home work for you

    Year End 2022
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 574

    Abstract: Individuals considering buying a vacation home need to choose an ownership structure, whether it’s a corporation, a trust, tenants in common (TIC) or a limited liability company (LLC), that will best serve them going forward. This article suggests that though each structure has its pros and cons, an LLC might offer the most benefits. It lists a number of those benefits, such as that an LLC structure will limit family members’ exposure to personal liability lawsuits associated with the property and allow avoidance of probate at the owner’s death.

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  • Timing is everything – Avoid the wash sale rule to keep taxes in check

    Year End 2022
    Newsletter: Focus

    Price: $225.00, Subscriber Price: $157.50

    Word count: 944

    Abstract: As the end of the year approaches, individuals may be in a position to recognize capital losses from sales of securities to offset gains or even some high-taxed ordinary income. However, as this article points out, there’s an obstacle standing in the way of some investors: the wash sale rule. If investors aren’t careful, this rule can result in losses being disallowed. The article offers several strategies that can help, with the caveat that any strategies should reflect an investor’s investment goals, risk tolerance and more. A sidebar offers an example of how the wash sale rule works.

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