General & Family Business
Showing 49–64 of 1050 results
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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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Corporations: Beware the accumulated earnings tax
Fall 2022
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 457
Abstract: A disadvantage of C corporation structure is the possibility of double taxation. A C corporation’s income is subject to two levels of income tax: once at the corporate level and a second time at the shareholder level when income is distributed in the form of dividends. This article explains that to avoid — or at least defer — double taxation, many corporations retain earnings rather than distributing them to shareholders. It points out, however, that this strategy can backfire by triggering the accumulated earnings tax (AET).
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Shopping around to get the best financing for your business
Fall 2022
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 609
Abstract: It can be difficult for a small business owner to discern what type of financing will best serve the business and help it thrive through difficult financial times. This article points out that whether it’s the need for new, more technologically advanced equipment or an opportunity to expand operations, owners need to shop around to familiarize themselves with the different financing options available before they “buy” into a particular borrowing strategy.
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How a life insurance trust could lower your estate taxes
Fall 2022
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 756
Abstract: In 2017, the Tax Cuts and Jobs Act significantly boosted the estate tax exemption, which is the amount of an estate that is exempt from taxation. This could change, however, if the estate tax exemption is cut in half in a few years as is currently scheduled. This article explains that it’s important for people to start thinking about how they can reduce or eliminate federal estate taxes if their estates will be larger than the new exemption amounts in 2026 and beyond. It suggests that one idea is to set up an irrevocable life insurance trust (ILIT), and discusses the ins and outs of that approach.
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Will you qualify for the home sale gain exclusion?
Fall 2022
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 880
Abstract: For most people, the home sale gain exclusion is the biggest tax break they’ll ever get. But the exclusion is subject to several complicated rules and limitations. This article notes that it’s important for individuals to plan carefully before they sell to shield as much of their profit from tax as possible. A sidebar discusses how a home office affects a home sale exclusion.
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Is it a repair or an improvement? How to nail down current deductions
October / November 2022
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 416
Abstract: For business owners, determining whether they’re making repairs or improvements can be tricky — but it’s important for owners to be aware that the distinction can have real tax consequences. This article discusses IRS regulations that provide further clarity and guidance on these distinctions. It also offers a brief summary of the tax implications of each.
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The financial ins and outs of remodeling your home
October / November 2022
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 649
Abstract: Whether homeowners are hoping to boost the value of their home to sell it at top dollar or are seeking to improve their living space because they’re spending more time in it, home renovation projects are happening at a fast pace. But not all home improvements are equal when it comes to generating good returns on investment. This article explains that homeowners considering several possible projects should have a sense of which ones are more likely to recoup the money spent and increase resale value.
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Consider PO financing to help your business grow
October / November 2022
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 691
Abstract: An increase in purchase orders is a positive development for most businesses — proof that customers are interested in, and buying, their products. At the same time, rising sales can prompt a cash crunch. This article notes that some companies, especially smaller, growing firms, may lack enough cash to pay their suppliers and fill new orders — often because they’re waiting to be paid for previous sales. It suggests that this is where purchase order financing, often referred to as “PO financing,” can help.
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Skipping the generation-skipping transfer tax
October / November 2022
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 858
Abstract: Under the generation-skipping transfer (GST) tax, an additional tax (on top of estate tax) may be imposed on gifts and bequests that skip a generation. So, it’s not possible for individuals to automatically avoid adverse tax consequences simply by bypassing their children. This article suggests, however, that with proper planning, individuals may be able to sidestep the GST tax — or at least minimize it. A sidebar offers three strategies to minimize GST tax.
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Cash it in! Save tax with qualified small business stock
August / September 2022
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 379
Abstract: Those looking to inject cash into their small corporations or any other business venture may want to acquire qualified small business stock (QSBS). This article explains that it’s possible to enjoy a tax exclusion on 100% of capital gain when selling the stock down the road. It also discusses the requirements for qualifying for the QSBS tax break.
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Taking advantage of the Community Advantage Loan Program
August / September 2022
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 652
Abstract: If a business operates in what’s known as an underserved area and could benefit from additional capital, the Community Advantage Loan Program, an initiative of the Small Business Administration, may be able to help. This article notes that many Community Advantage borrowers are small business owners and entrepreneurs who have generally been in business for less than three years and don’t qualify for traditional financing. It also discusses how a small business can determine whether such a loan is a good fit.
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Should long-term care insurance be part of your financial plan?
August / September 2022
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 535
Abstract: People can’t know what health issues await them, but it’s pretty certain that if they live long enough, they’ll need some form of long-term care. This article suggests considering the option of long-term care insurance to avoid being caught without the needed resources in the event of a catastrophic, long-term health event.
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How to benefit from the home sale gain exclusion
August / September 2022
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 879
Abstract: Home prices are at record highs in some parts of the country and many people are looking to make career or lifestyle changes. This article explains that those considering downsizing or moving to another location could be in line for large tax breaks when they sell their homes. It points out that some taxpayers in these circumstances may be able to pocket up to a half million dollars in gain from the sale of their principal residences without owing any federal income tax. A sidebar explains how improvements to a home may affect the equation.