MTC
Showing 33–48 of 266 results
-
How to avoid the federal cap on SALT deductions
Winter 2022
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 394
Abstract: In 2017, the Tax Cuts and Jobs Act placed a $10,000 cap on deductions of state and local taxes (SALT), effective through 2025. This article points out that one strategy for circumventing the federal SALT cap is an entity-level state tax on pass-through entities (PTEs), such as partnerships, S corporations and LLCs. The article explains how the PTE taxes typically work in the states.
-
Go electronic: Digitize your important documents
Winter 2022
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 594
Abstract: In an age where nearly all facets of life are digitized, it may be time to consider electronic forms of document storage for both practical and environmental reasons. This article explains that if done properly, digital document storage can be a safe and efficient way to “keep” documents secure, even absent hard copies.
-
What’s in your company’s financial statement?
Winter 2022
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 581
Abstract: For a business owner, getting a handle on the company’s financial statement — including the balance sheet, income statement and statement of cash flows — can help ensure that any business decisions are based on sound financial information. This article explains how a deep dive into the financial statement can help a business owner determine whether there are money issues lurking that need to be addressed.
-
Beware the five-year rule – Understanding Roth IRA withdrawals
Winter 2022
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 902
Abstract: What makes Roth IRAs so appealing, primarily, is the ability to withdraw money from them tax-free. But to enjoy this benefit, there are a few rules individuals must follow, including the widely misunderstood “five-year rule.” This article explains the ins and outs of this rule. It also notes that care must be taken when withdrawing funds from a Roth IRA to avoid running afoul of the five-year rule and inadvertently triggering unexpected taxes or penalties.
-
IRS audits may be set to increase
Fall 2021
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 428
Abstract: The Biden administration’s tax proposals include an additional $80 billion in funding for the IRS. Given the prospect of increased IRS enforcement activity in the future, this short article explains that now’s a good time for businesses to work with their accounting and tax advisors to be sure their books and records are complete and accurate.
-
How to track your personal cash flow
Fall 2021
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 614
Abstract: Monitoring cash flow is one of the most important tasks for any business — and the same is true for families. Net worth, on its own, doesn’t give an idea of income and spending, which tend to be better indicators of true financial health. This article explains how to perform a personal cash flow analysis.
-
The gift tax exclusion: The gift that keeps giving
Fall 2021
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 757
Abstract: Among the strategies for reducing the size of a taxable estate is the annual gift tax exclusion. But the exclusion can’t be carried forward and used in future years. In addition, this article points out that the current high exemption is likely temporary and scheduled to drop in 2026. This drop would reduce how much can pass estate-tax-free to heirs and suggests that 2021 might be a good time to make annual exclusion gifts.
-
Unpaid payroll taxes? Watch out for the trust fund recovery penalty
Fall 2021
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 905
Abstract: The trust fund recovery penalty (TFRP) is one of the harshest penalties in the Internal Revenue Code. This penalty isn’t new, but the pandemic has thrust it into the spotlight. This article discusses how the TFRP applies and how liability is determined. A sidebar explains that shifting payroll tax liabilities to a certified professional employer organization (CPEO) can help ensure payroll taxes are paid properly.
-
Enhanced charitable deductions in 2021
Summer 2021
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 367
Abstract: Those who are charitably inclined should keep in mind that last year’s CARES Act — supplemented by the Consolidated Appropriations Act of 2021 (CAA) — enhanced several charitable tax incentives for donations made through the end of 2021. For individuals who itemize, eligible charitable donations in 2021 are deductible up to 100% of adjusted gross income, a jump from 60%. This article discusses the requirements for this deduction as well as the above-the-line deduction for non-itemizers.
-
Pandemic planning – Stay on track with your college savings plans
Summer 2021
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 601
Abstract: One negative impact of the COVID-19 pandemic has been a disruption for some families in their well-laid college savings plans. This article explains why it’s wise to continue putting something away for college in a Section 529 plan, even if it’s less than before. The article also describes the different types of 529 plans and their requirements.
-
Crafting a buy-sell agreement
Summer 2021
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 655
Abstract: Most companies with more than one owner should have a buy-sell agreement in place. This article outlines some of the key considerations involved in developing this legal document.
-
Is your company eligible for these “small business” tax breaks?
Summer 2021
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 834
Abstract: Taxpayers who own small businesses may qualify for a variety of tax breaks that can slash their tax bills and reduce their administrative costs. And thanks to the Tax Cuts and Jobs Act, “small” is a lot bigger than it used to be. This article explains the new threshold for the small designation and describes business advantages. A sidebar covers the disqualification of tax shelters from the “small business” category.
-
Businesses can 100% deduct business meals through 2022
Spring 2021
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 360
Abstract: Recent legislation designed to assist the restaurant industry is also a big pleaser for businesses. The Taxpayer Certainty and Disaster Tax Relief Act (TCDTRA) suspends the 50% deduction limit for certain meals for calendar years 2021 and 2022. It allows businesses to deduct 100% of the cost of business-related meals provided by a restaurant. This article explains the legislation in a nutshell.
-
3 financial lessons from the pandemic
Spring 2021
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 517
Abstract: COVID-19’s rapid spread and the economic havoc that followed are vivid reminders of how unpredictable and volatile the broad economy — and each family’s personal finances — can be. This article discusses three financial lessons to be learned from the pandemic.
-
An extended Paycheck Protection Program – The latest changes are beneficial for borrowers
Spring 2021
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 802
Abstract: On December 27, 2020, President Trump signed the Consolidated Appropriations Act into law. The legislation extends, liberalizes and expands the Paycheck Protection Program. The latest round of the program permits eligible small businesses to take out loans and so-called second-draw loans if they’re already participants. This article explains the major changes in the program that benefit borrowers.
-
Shifting gears: Planning tips for retirement
Spring 2021
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 806
Abstract: Tax planning in retirement is just as important as it is during one’s working years. Strategies that reduce an individual’s tax burden can help increase the chances that savings will last a lifetime. This article offers several tips for minimizing taxes during retirement, from creating a budget to strategically withdrawing savings. A sidebar briefly describes how tax-free capital gains is an option for some.