384
Showing all 8 results
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Business bartering is taxable
January 2021
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 384
Abstract: During the COVID-19 pandemic, many cash-challenged businesses have bartered for goods and services instead of paying dollars for them. This article discusses the tax impact of bartering and explores membership in a barter exchange.
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Bank Wire – How S corporation banks can qualify for the pass-through deduction
Summer 2019
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 384
Abstract: This summary of recent developments in banking discusses a new pass-through deduction that allows owners of S corporations and other pass-through entities to deduct up to 20% of their “qualified business income,” subject to some limitations. The article also looks at the Consumer Financial Protection Bureau’s (CFPB’s) renewed focus on compliance with the Homeowners Protection Act and mentions the CFPB’s recent guidance for complying with the mortgage servicing rules.
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4 steps to track the use of loan proceeds
February / March 2019
Newsletter: Commercial Lending Report
Price: $225.00, Subscriber Price: $157.50
Word count: 384
Abstract: When some small business owners receive a loan, they might find it hard to resist the temptation to spend the proceeds quickly and liberally. But this can result in unnecessary expenditures. This article points out that lenders can instill fiscal discipline in their borrower relationships from the start by taking four important steps, including establishing a monitoring process early and conducting site visits.
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IRS continues to enforce “reasonable” shareholder-employee salaries
December 2016
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 384
Abstract: Because shareholder-employees of S corporations aren’t subject to self-employment taxes on their respective shares of the company’s income, many such businesses minimize shareholder-employee salaries (which are subject to payroll taxes) and compensate them mostly via “dividend” distributions. But the IRS views overly minimized salaries as an improper means of avoiding payroll taxes. This article discusses the “reasonable” salary issue and suggests ways companies can minimize the odds of an IRS investigation.
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Retirement contribution and other limitations for 2013
January 2013
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 384
Abstract: The IRS has announced cost-of-living adjustments affecting the dollar limitations for retirement plans, deductions and other items. Several of the limitations are higher for 2013 because the increase in the cost-of-living index met the statutory threshold. However, some limitations did not meet that threshold and remain unchanged from 2012. This article describes some of the details.
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Navigating the revised Form 2848
Year End 2012
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 384
Abstract: Third-party administrators (TPAs) use IRS Form 2848, "Power of Attorney and Declaration of Representative," when representing clients on matters concerning IRS notices. The form allows TPAs to apply for a determination letter on the client’s behalf. The TPA or plan administrator must complete Form 2848 when using voluntary correction programs. This brief article summarizes the revised Form 2848 that affects retirement plans.
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7 tips for enhancing hospital performance
Summer 2012
Newsletter: Healthcare Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 384
Abstract: What “extra” things does a top-performing hospital do to distinguish itself from competitors? This article offers seven strategies for enhancing performance that don’t receive enough attention — including forecasting service demand more accurately; evaluating postacute care alternatives for their cost, quality and utilization; and training and recruiting a new breed of physicians.
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The cost of misclassifying employees as independent contractors
Summer 2012
Newsletter: Business Matters
Price: $225.00, Subscriber Price: $157.50
Word count: 384
Abstract: Business owners who need more workers, but don’t want the overhead — or commitment — associated with employees should pause before classifying them as independent contractors. The IRS actively looks for misclassified workers and can impose financial penalties on businesses that wrongly report employees as contractors. This article talks about some of the differences between the two classes of workers.