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Showing all 14 results
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An “innocent spouse” may be able to escape tax liability
September 2023
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 547
Abstract: When a married couple files a joint tax return, each spouse is “jointly and severally” liable for the full amount of tax on the couple’s combined income. Therefore, the IRS can pursue either spouse to collect the entire tax — not just the part that’s attributed to one spouse or the other. This includes any tax deficiency that the IRS assesses after an audit, as well as any penalties and interest. But there may be relief. A brief sidebar addresses what to do about future returns.
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Protect yourself with careful project documentation
May / June 2022
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 547
Abstract: Meticulous recordkeeping plays a key role in running a successful construction business. The proof of any project, and a strong legal defense, is in the paper trail. This article describes some of the most important documents that contractors should retain.
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Keep it simple! “Small” manufacturers may opt to use simplified reporting methods
Winter 2021
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 547
Abstract: The Tax Cuts and Jobs Act expanded the tax code’s definition of “small business” to include those with average annual gross receipts of $25 million or less (adjusted for inflation) for the three preceding tax years. Manufacturers that qualify as small businesses may be eligible for simpler reporting methods that could also defer federal income taxes. This article takes a closer look at the relevant tax rules.
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Apply the lessons of crisis and prepare for the future
Summer 2020
Newsletter: Construction Industry Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 547
Abstract: It’s critical for contractors to learn from the COVID-19 pandemic and apply those lessons to preparing for the inevitable disasters and economic downturns of the future. This article offers five ways to do so, including reviewing jobs and backlog, as well as implementing best safety practices.
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Lender as detective: How to evaluate management estimates
October / November 2018
Newsletter: Commercial Lending Report
Price: $225.00, Subscriber Price: $157.50
Word count: 547
Abstract: It’s important for lenders to make distinctions between their borrowers’ financial certainties and estimates based on management judgment. Lenders need to be able to ascertain when errors, either intentional or unintentional, may occur — errors that can make a big difference in a borrower’s financial health. This article suggests some strategies for lenders, such as paying attention to accounting estimates and fair value measurements, in helping them determine whether the assumptions behind a borrower’s numbers are valid.
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Preconstruction should concentrate on major issues
July / August 2018
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 547
Abstract: Preconstruction can make the difference between a project’s success or failure — and a contractor’s profit or loss. A methodical approach helps anticipate problems and address them before they interfere with the work in progress. This article reviews some of the most important aspects of preconstruction, including setting the budget and perfecting the schedule.
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Attract and retain talent with equity-based compensation
Summer 2018
Newsletter: Construction Industry Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 547
Abstract: Today’s contractors aren’t just competing for projects; they’re also competing for a dwindling supply of new management talent and other skilled workers. One way to attract, retain and motivate quality employees is through equity-based compensation. This article discusses two options: phantom stock and stock appreciation rights.
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Will the TCJA make your UBIT jump?
Summer 2018
Newsletter: Profitable Solutions for Nonprofits
Price: $225.00, Subscriber Price: $157.50
Word count: 547
Abstract: The Tax Cuts and Jobs Act includes several provisions that could boost an organization’s liability for unrelated business income tax (UBIT), regardless of whether it operates an unrelated business. This article explains why a nonprofit’s UBI could grow under the new law and what can be done about it.
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Medical leave extension leads to more pain than relief
March / April 2018
Newsletter: Employment Law Briefing
Price: $225.00, Subscriber Price: $157.50
Word count: 547
Abstract: Does an extended medical leave qualify as a reasonable accommodation under the Americans with Disabilities Act (ADA)? This article answers that question by summarizing Severson v. Heartland Woodcraft, Inc. In its decision, the Seventh Circuit pointed out that the ADA is an antidiscrimination statute, not a medical leave entitlement, and that accommodations are intended to facilitate work. Severson v. Heartland Woodcraft, Inc., No. 15-3754, Sept. 20, 2017 (7th Cir.)
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Work with suppliers to achieve green building goals
May / June 2016
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 547
Abstract: For contractors, Earth-friendly jobs can present a number of challenges. One in particular is procuring the right materials for the project. This article discusses the importance of working with the right suppliers to meet green building objectives.
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Real fixer-uppers: ETFs drive infrastructure improvements
January / February 2015
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 547
Abstract: Exchange-traded funds have continued to grow in popularity and have gathered assets at a rapid pace. They trade like stocks and have the diversity of mutual funds. As this article explains, ETFs may offer a safer, more dependable income stream than some other types of real estate investment options, as many governments are ready to spend trillions of dollars on infrastructure projects. Infrastructure ETFs may warrant attention from investors interested in defensive, high-yielding securities. But rates of return vary vastly from project to project and, even though infrastructure is somewhat insulated, it isn’t immune to the ebb and flow of economic tides.
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Simple tax savings techniques for security gains
October 2014
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 547
Abstract: The market swings over the last several years may cause some investors to wonder if it’s time to capitalize on some market gains. This article offers a couple of tax-smart strategies to consider when analyzing investment opportunities and deciding what to do about recent gains. It addresses the issue of whether or not to wait to sell until the stock qualifies for long-term capital gains treatment, and whether to use the FIFO or the “specific ID” method to minimize taxes.
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Don’t let identity theft catch you off guard
Summer 2012
Newsletter: Business Matters
Price: $225.00, Subscriber Price: $157.50
Word count: 547
Abstract: Identity theft is on the rise, thanks largely to the increasing prevalence of online transactions. It’s important to shred physical financial documents, but the greatest risk is likely to come from the Internet and common activities such as paying bills and making purchases. This article offers tips to avoid ID theft and explains what consumers should do if they nevertheless become victims. A sidebar discusses credit protection and credit monitoring services.
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The Contractor’s Corner – 4 smart ways to improve job-site productivity
Winter 2009
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 547
Abstract: In this issue’s “The Contractor’s Corner,” we hear from a contractor who feels he’s doing all the right things to keep his construction company profitable yet is still struggling to turn a profit. This article notes that the job site offers many bottom-line building opportunities and suggests four in particular.