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Showing 17–24 of 24 results
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Is college right around the corner? How to prepare your finances for big expenses
March / April 2014
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 587
Abstract: When it comes to college, even affluent families can start to feel the pinch. Although there’s no substitute for a head start on college savings, there are several options to consider when it comes to meeting college costs head on. This article looks at scholarship opportunities, tax-saving strategies, and adjusting one’s investment portfolio.
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Tried-and-true tax strategies for tough economic times
July / August 2012
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 587
Abstract: This article discusses three tax planning strategies for tough economic times: converting a traditional IRA to a Roth IRA; selling poor-performing investments to “harvest” the losses to offset net gains; and gifting assets or making intrafamily loans. But no strategy is right for everyone, so it’s important to work with a tax advisor to maximize opportunities while avoiding pitfalls.
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Tax Court finds street lights qualify for 7-year depreciation
May / June 2011
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 587
Abstract: The U.S. Tax Court recently ruled against the IRS in a dispute over the proper period of depreciation for street lights. The IRS had claimed that the lights were subject to a 20-year period, but the court held that they’re subject to a period of only seven years. This article shows that, as a result of this ruling, owners of property with a significant number of street lights could recover the costs of the lights much more quickly. But, as the IRS continues its initiative against faster property depreciation rates, this case underscores the importance of applying common sense and revisiting the plain language of the law when battling the IRS.
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Get all you’re due – Make it a point to regularly examine your fee schedule
Spring 2011
Newsletter: Rx for Practice Management / Practice Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 587
Abstract: With countless changes being thrust upon physicians in the wake of health care reform, and reimbursements still lagging behind the actual cost of delivering health care, their only salvation may be a well-thought-out fee schedule that’s structured for maximum benefit. This article offers some tips for ensuring that a practice gets all that it’s due.
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Fraud prevention – The buck stops at your board
Summer 2010
Newsletter: Nonprofit Observer
Price: $225.00, Subscriber Price: $157.50
Word count: 587
Abstract: Approximately 14% of all frauds in the United States occur at nonprofit organizations, for a median loss of $109,000. In some circumstances, boards are partly responsible. Many board members are volunteers who have little involvement with the organization’s day-to-day activities and don’t necessarily understand their role in preventing fraud. It’s essential that they learn to work closely with auditors and take responsibility for reviewing not only financial statements, but also the highest levels of executive management.
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OTTI: What it is and why you should care about it
Winter 2010
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 587
Abstract: A crucial accounting issue for banks is the treatment of other-than-temporary impairment (OTTI) for investments. Under previous rules, assets that experienced OTTI were written down to fair value, with a corresponding charge to earnings. Many banks felt that this treatment was unfair, particularly for securities they had no intention of selling. In mid-2009, FASB issued guidance that changes the way these impairments are recorded for certain securities. OTTI can have a significant impact on bank earnings and regulatory capital, so it’s important to have policies and procedures in place for classifying securities, determining fair value, assessing securities for OTTI and measuring the credit and noncredit components.
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Rewarding nonfamily employees – Offer “alternative” compensation and benefits
August / September 2009
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 587
Abstract: Family business owners understand the need to reward their nonfamily workers. After all, in many cases, these employees make up the lion’s share of a company’s workforce. But it can be difficult to keep the “lions” motivated when family employees are also owners and nonfamily employees aren’t. To avoid giving ownership interests to nonfamily members, consider instead offering them “alternative” compensation and benefits. These may include matching contributions for a retirement plan or, for executive employees, participation in a nonqualified deferred compensation plan. Phantom stock and fringe benefits are also possibilities.
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Allocating value to different types of stock
Summer 2008
Newsletter: Expert / Valuation & Litigation Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 587
Abstract: A privately held company’s capital structure must be taken into account when calculating its value and the value of its stock. But this can be complicated because, increasingly, companies are financed with hybrid mixes of capital, including common stock and several classes of preferred stock. This article discusses the role of rights in valuing stock, and the three general methods of allocating value to different classes. (Updated 8/22/12)