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Showing 1–16 of 19 results
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No time like the present – Address top estate planning priorities today
Year End 2023
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 670
Abstract: When it comes to estate planning, consider taking a page out of the Boy Scouts Handbook: Be prepared. The last thing one would want for his or her family is to be scrambling to pick up the pieces after death. Drafting a will is a good starting point, but there are several other “top priority” items to be accomplished. This article details several priorities that should be taken care of sooner rather than later.
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Reviewing your options for a business structure
November / December 2023
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 670
Abstract: Construction business owners know a thing or two about building a structure. But they also need to know the ins and outs of establishing a business structure or changing to a new one. This article reviews the four major choices, explaining the advantages and potential disadvantages of each.
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Need better benefits? Look into a pooled employer retirement plan
Fall 2022
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 670
Abstract: Just like any other type of business, construction companies typically need to offer a solid benefits package to keep up in the race for talent in today’s tight job market. However, the cash-flow strains common to the construction industry make this difficult. This article discusses the promise of a new type of retirement benefits plan: pooled employer plans, which are a variation on multiple employer plans.
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Need better benefits? Look into a pooled employer retirement plan
September / October 2022
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 670
Abstract: Just like any other type of business, construction companies typically need to offer a solid benefits package to keep up in the race for talent in today’s tight job market. However, the cash-flow strains common to the construction industry make this difficult. This article discusses the promise of a new type of retirement benefits plan: pooled employer plans, which are a variation on multiple employer plans.
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Donor-advised funds – How they work and how to land them
Winter 2021
Newsletter: Profitable Solutions for Nonprofits
Price: $225.00, Subscriber Price: $157.50
Word count: 670
Abstract: Donor-advised funds (DAFs) have shown consistent growth over the last nine years, according to the 2019 Donor-Advised Fund Report from the NPT. This article explains how DAFs work, the benefits for donors and the role of sponsors, among other things.
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Help your borrowers make leadership transitions
February / March 2019
Newsletter: Commercial Lending Report
Price: $225.00, Subscriber Price: $157.50
Word count: 670
Abstract: Current and ongoing demographic trends mean that a large segment of the population is heading for retirement. This fact may have significant effects on small business loans. As family business owners leave their companies for greener pastures, lenders need to make sure those same owners don’t leave their businesses in the lurch. This article explains that advising borrowers to create viable succession plans for leadership transition can work wonders to ensure their businesses’ long-term stability — and ultimately, the success of loan portfolios.
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Great ideas aren’t enough – Help borrowers grow with big business strategies
August / September 2017
Newsletter: Commercial Lending Report
Price: $225.00, Subscriber Price: $157.50
Word count: 670
Abstract: A small business based on a great concept still needs a long-term strategic plan to succeed. Lenders can increase the stability of their lending portfolios and improve their long-term lending relationships by guiding borrowers toward more disciplined, professional business practices. This article discusses some best practices small businesses can learn from big business, including techniques for building value and ways to generate formal plans.
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See for yourself – Site visits are a critical part of the valuation process
January / February 2017
Newsletter: Viewpoint on Value
Price: $225.00, Subscriber Price: $157.50
Word count: 670
Abstract: Financial statements, tax returns and marketing materials tell only part of the story. To get a comprehensive understanding of how a business runs, a valuation expert usually needs to see it — and talk to management — firsthand. This article explains the information that may be unearthed during site visits and the types of questions to expect during management interviews.
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Budget vs. actual: How reliable are management’s estimates?
October / November 2016
Newsletter: Commercial Lending Report
Price: $225.00, Subscriber Price: $157.50
Word count: 670
Abstract: Borrowers often submit forecasts and budgets when they’re applying for a loan. But these estimates may be off the mark for various reasons. This article guides lenders on how to assess whether these estimates seem reasonable and to compare them to actual results in subsequent reporting periods.
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Term vs. perm – Demystifying life insurance choices
November / December 2014
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 670
Abstract: Life insurance can be a vital asset in planning for a family’s financial well being, but determining which type of policy better suits a specific situation can be challenging. There’s no one-size-fits-all answer, because different products fulfill different needs. This article details two types of life insurance policies: a term policy and a permanent policy.
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Selling your dealership – Earnout provisions may give buyers assurance
Fall 2014
Newsletter: Auto Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 670
Abstract: Businesses in some parts of the country remain difficult to sell in the current economy, even in an up market for auto dealerships. But, when negotiating a purchase agreement, adding an earnout provision — which commits the buyer to make additional payments to the seller if the business achieves agreed-upon financial targets after the sale — can smooth out a rough road and give the buyer extra incentive to “take the plunge.” This article explains the potential benefits, along with risks to look out for.
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Preparing for an audit while you “think taxes”
Spring 2014
Newsletter: On-Site
Price: $225.00, Subscriber Price: $157.50
Word count: 670
Abstract: Come springtime, many people start to “think taxes.” While doing so, contractors might also want to think about how to best position their construction business to minimize the chances of a time- and resources-consuming IRS audit. This article discusses four areas in which contractors need to be wary of running afoul of regulations: cash vs. accrual methods of accounting, employee misclassification, long-term contracts, and business structure.
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Succession planning: Key questions to ask
Winter 2014
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 670
Abstract: Every business owner needs to consider how he or she can gracefully, efficiently and amicably exit his or her company. This article offers some key questions an owner might ask before creating and implementing a succession plan. They involve setting a date, designating a successor, getting buy-in from managers, key employees and board members, and breaking the news in a way that’s designed to gain employee support.
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New financial reporting options for small businesses
October / November 2013
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 670
Abstract: For those who own and run a small, privately held business, reporting financial performance usually means choosing between Generally Accepted Accounting Principles (GAAP) and special purpose frameworks, more commonly known as other comprehensive basis of accounting (OCBOA). In June, the American Institute of Certified Public Accountants introduced a new OCBOA called the “Financial Reporting Framework for Small- and Medium-Sized Entities” (FRF for SMEs). This article discusses how this differs from GAAP, and also looks at proposals made by the Private Company Council, charged with improving the process of setting accounting standards for private companies that prepare GAAP-based financial statements.
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IRS to step up UNICAP enforcement – Dealerships have until Jan. 1, 2011, to comply
Winter 2010
Newsletter: Auto Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 670
Abstract: Virtually all automobile dealerships report their inventories improperly, according to the IRS. A Taxpayer Advice Memorandum, TAM 200736026, suggests that most dealerships incorrectly apply Internal Revenue Code Section 263A to calculation of their inventories. Sec. 263A addresses the uniform capitalization of direct and indirect inventory costs. Currently, most dealers deduct these expenses each year by using the simplified retail method, rather than including them as part of their inventories. The agency has recently laid the groundwork to begin serious testing for noncompliance starting next January, and the revised rules affect all but the smallest dealers.
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Don’t let family matters interfere with business matters
October / November 2009
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 670
Abstract: Even though knowing family members are watching the shop can be reassuring, the requirements of running a business can strain even the strongest family ties. The stresses can become further exacerbated when sibling rivalry exists or when one’s spouse is involved. But there are ways to address these issues, including treating siblings equally and dividing responsibilities between spouses.