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Showing 1–16 of 22 results
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SECURE 2.0 – 2024 changes you need to know about
Winter 2024
Newsletter: Law Firm Management
Price: $225.00, Subscriber Price: $157.50
Word count: 844
Abstract: In December 2022, President Biden signed into law the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act. While some of the provisions in the sweeping retirement legislation have already taken effect, others have yet to kick in. This article summarizes some of the most important changes for 2024 that could affect law firms and their employees. A brief sidebar touches on changes coming in 2025.
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Could your nonprofit lose its property tax exemption? Lessons from recent court decisions
February / March 2024
Newsletter: Nonprofit Agendas
Price: $225.00, Subscriber Price: $157.50
Word count: 844
Abstract: A Pennsylvania state court revoked a nonprofit hospital’s property tax exemption in a lawsuit filed by a local school district. The court’s ruling turned primarily on its finding that the hospital failed to show that it operated without a profit motive. Although the case involved a state-specific test for tax-exempt status, this article is worth reviewing for nonprofits everywhere because other state courts and tax assessors may adopt similar reasoning. A brief sidebar looks at a New York case in which the court found that, even if a property provides a public benefit, the overall use can’t be deemed charitable under New York state law if it’s to further economic development and reduce burdens on government. Source: Pottstown School District, Appellant v. Montgomery County Board of Assessment Appeals, Pottstown Hospital, LLC, Pottstown Borough and County of Montgomery, 289 A.3d 1142 (Pa. Cmmw. Ct. 2023); Catskill Watershed Corp. v. Assessor…
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Court rejects valuation based on unsustainable past earnings
May / June 2023
Newsletter: Viewpoint on Value
Price: $225.00, Subscriber Price: $157.50
Word count: 844
Abstract: In a recent divorce case, an Arizona court of appeals vacated a trial court’s ruling regarding the value of a 25% business interest owned by the wife. This article summarizes the case. A sidebar highlights another Arizona appellate court decision in which a calculation of value was accepted without a full opinion of value. In re Riddle, No. 1 CA-CV 21-0249 FC (Ariz. App. April 5, 2022). Mikalacki v. Rubezic, No. 1 CA-CV 21-0483 FC (Ariz. App. October 18, 2022).
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Court rejects valuation based on unsustainable past earnings
May / June 2023
Newsletter: Valuation & Litigation Briefing / Litigation & Valuation Report
Price: $225.00, Subscriber Price: $157.50
Word count: 844
Abstract: In a recent divorce case, an Arizona court of appeals vacated a trial court’s ruling regarding the value of a 25% business interest owned by the wife. This article summarizes the case. A sidebar highlights another Arizona appellate court decision in which a calculation of value was accepted without a full opinion of value. In re Riddle, No. 1 CA-CV 21-0249 FC (Ariz. App. April 5, 2022). Mikalacki v. Rubezic, No. 1 CA-CV 21-0483 FC (Ariz. App. October 18, 2022).
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Managing transition risk – 8 tips for a successful succession plan
Fall 2022
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 844
Abstract: It’s critical for banks to develop a solid succession plan to manage transition risk. When key management personnel retire or leave unexpectedly, a succession plan helps ensure that the bank is prepared for the change and proactively addresses the vacancy. This article explains that a succession plan must be tailored to a bank’s size, complexity, location, culture, risk profile, product and service mix, management “bench strength,” and other characteristics. A sidebar discusses regulatory expectations regarding succession planning.
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Harvey v. Harvey – Buy-sell provision applies to divorce valuation
July / August 2022
Newsletter: Viewpoint on Value
Price: $225.00, Subscriber Price: $157.50
Word count: 844
Abstract: The Fifth District Court of Appeals of California recently addressed the valuation of a closely held business in connection with a divorce. Notably, the court valued the wife’s 50% interest pursuant to the valuation provisions of a buy-sell agreement rather than the state’s family code. This article explains why the appellate court rejected a discount for taxes that weren’t “immediate and specific,” but allowed a discount for lack of marketability. Harvey v. Harvey, No. F078166, Court of Appeals of California, Fifth District (December 16, 2021).
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Harvey v. Harvey – Buy-sell provision applies to divorce valuation
July / August 2022
Newsletter: Valuation & Litigation Briefing / Litigation & Valuation Report
Price: $225.00, Subscriber Price: $157.50
Word count: 844
Abstract: The Fifth District Court of Appeals of California recently addressed the valuation of a closely held business in connection with a divorce. Notably, the court valued the wife’s 50% interest pursuant to the valuation provisions of a buy-sell agreement rather than the state’s family code. This article explains why the appellate court rejected a discount for taxes that weren’t “immediate and specific,” but allowed a discount for lack of marketability. Harvey v. Harvey, No. F078166, Court of Appeals of California, Fifth District (December 16, 2021).
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Approaching 65? Get up to speed on Medicare
January / February 2022
Newsletter: Planning for Prosperity / Wealth Management Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 844
Abstract: Medicare is complex and navigating the many options can be challenging. To help with retirement planning, this article answers several questions about the timing and scope of coverage. It also explains when it’s possible to delay Medicare enrollment without penalty. A sidebar discusses the cost of Medicare Part A, explaining that it largely depends on how long individuals have paid Medicare taxes out of their paychecks or through self-employment taxes.
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Read all about it! Printed publication bars patents on drug tracking system
February / March 2019
Newsletter: Ideas on Intellectual Property Law
Price: $225.00, Subscriber Price: $157.50
Word count: 844
Abstract: How often do people browse the Federal Register? For most people, the answer probably is never. But if they want to patent an invention that falls within the regulations of a federal agency like the U.S. Food and Drug Administration (FDA), the Federal Register might trip them up. This article looks at how it did just that for one patent applicant. A sidebar notes that indexing or searchability is unnecessary for a reference to be a printed publication for prior art purposes. Jazz Pharmaceuticals, Inc. v. Amneal Pharmaceuticals, LLC, No. 17-1671, July 13, 2018, Fed. Cir.
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See the big picture – Improve dealership performance with benchmarking
Winter 2019
Newsletter: Auto Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 844
Abstract: Successful dealerships tend to keep close tabs on their finances and operations by measuring and monitoring certain performance metrics. But these metrics have little meaning when viewed in isolation. A basis of comparison is needed to provide context and relevance to the numbers. This article offers a variety of useful metrics, including sales metrics for each department, F&I metrics, and parts and service metrics. A sidebar suggests some important metrics for the dealership overall.
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See the big picture – Improve dealership performance with benchmarking
January / February 2019
Newsletter: Dealer Insights
Price: $225.00, Subscriber Price: $157.50
Word count: 844
Abstract: Successful dealerships tend to keep close tabs on their finances and operations by measuring and monitoring certain performance metrics. But these metrics have little meaning when viewed in isolation. A basis of comparison is needed to provide context and relevance to the numbers. This article offers a variety of useful metrics, including sales metrics for each department, F&I metrics, and parts and service metrics. A sidebar suggests some important metrics for the dealership overall.
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Too good to be true – Court rejects deductible theft loss for real estate scam
May / June 2018
Newsletter: Real Estate Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 844
Abstract: No one wants to fall victim to a fraudulent real estate scam, but, as fraudsters become increasingly sophisticated, the risk is real. Though it’s a small concession, victims should be able to claim a tax deduction for fraud losses, right? Not necessarily. This article reviews a recent legal case in which some investors learned that lesson the hard way. A short sidebar summarizes the importance of following the rules when seeking refunds attributable to “partnership items.” Hamilton v. U.S., No. 15-303, N.D. Ind., September 5, 2017
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The dangers of electronic banking – How to manage BSA/AML risks
Fall 2017
Newsletter: Community Banking Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 844
Abstract: Two recent trends will likely increase banks’ Bank Secrecy Act and Anti-Money Laundering (BSA/AML) risk management obligations: heightened scrutiny by banking regulators of their compliance efforts, and customers’ increasing demand for electronic banking (e-banking) services. This article explains how banks can manage, and mitigate, these risks by taking a risk-based approach and ensuring that their BSA/AML monitoring, identification and reporting systems are properly equipped to flag suspicious activities conducted electronically. A sidebar lists some elements of a BSA/AML program.
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Apply the research tax credit against payroll tax
August / September 2017
Newsletter: Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 844
Abstract: The rules have changed regarding the ability of small businesses that engage in research and development (R&D) to use the research tax credit. The change stems from the Protecting Americans from Tax Hikes (PATH) Act, which was enacted in 2015. This article discusses how eligible businesses can take advantage of this valuable credit, according to the IRS guidance (Notice 2017-23). A sidebar shows what businesses must do to claim the research and development credit.
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Should your clients consider an FLP?
Spring 2016
Newsletter: Expert / Valuation & Litigation Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 844
Abstract: Family limited partnerships (FLPs) have long been challenged by the IRS as invalid. But the many court cases involving FLPs can provide valuable insight into how to craft one that withstands scrutiny. This article covers such practices as showing that assets have been transferred in a bona fide sale for adequate and full consideration and following the terms of the FLP’s operating agreement. A sidebar discusses possible new FLP guidance.
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The changing world of internal audit – Do you make use of its expanded role?
April / May 2016
Newsletter: Nonprofit Agendas
Price: $225.00, Subscriber Price: $157.50
Word count: 844
Abstract: Today’s internal auditors, with their cross-departmental perspective, can help anticipate and mitigate a variety of risks, improve financial and operational processes — and even help evaluate the nonprofit’s strategies. This article explains the independence factor in internal auditing, the duties of internal auditors and the components of a full internal audit review. Quality assurance reviews and stumbling blocks to an effective internal audit function also are discussed.