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Got crypto? Beware of tax surprises when dealing with cryptocurrencies
January / February 2022
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 987
Abstract: In recent years, interest in cryptocurrencies, such as Bitcoin and Ethereum, has exploded. Once viewed as a novelty, these currencies are increasingly entering the mainstream as an investment or an alternative currency. For those who’ve jumped on the cryptocurrency bandwagon, it’s important to understand the tax implications. This article explains potential tax liabilities when using cryptocurrency. A brief sidebar details the tax reporting requirements.
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Estate planning for second marriages: 5 tips to consider
November / December 2017
Newsletter: Estate Planner
Price: $225.00, Subscriber Price: $157.50
Word count: 987
Abstract: For traditional nuclear families, the goal of estate planning is usually straightforward: Leave everything to the surviving spouse who, in turn, will leave everything to their joint children. Things get more complicated when a person divorces and remarries, particularly when he or she has children (or stepchildren) with more than one spouse. This article details five estate planning considerations when a person remarries. A sidebar notes the importance of choosing trustees carefully when undertaking a second marriage.
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Goodbye SAS 112, hello SAS 115 – Don’t over-rely on your auditors for financial statement prep
April / May 2010
Newsletter: Nonprofit Agendas
Price: $225.00, Subscriber Price: $157.50
Word count: 987
Abstract: Applying AICPA Statement on Auditing Standards No. 115, Communicating Internal Control Related Matters Identified in an Audit (SAS 115), will be required during the next fiscal year audit (for periods ending on or after Dec. 15, 2009). This new standard supersedes SAS 112 of the same title. As with SAS 112, understanding what constitutes “control deficiencies,” “significant deficiencies” and “material weaknesses” is key to applying the standard. This article shows how to spot control deficiencies, determine their severity, and book adjustments for them. A sidebar explains what constitutes a material adjustment.
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Proposing certainty – Seven-business-day safe harbor for small plan Deposits
Year End 2008
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 987
Abstract: In 2008, the Employee Benefits Security Administration (EBSA) issued proposed rules that would provide employers with a seven-business-day safe harbor for deposits of participant contributions into small plans. This article reviews the current rule and introduces the changes in the proposed rule.
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How do you spell “success”? – 3 hallmarks of a profitable business
April / May 2008
Newsletter: Trendlines
Price: $225.00, Subscriber Price: $157.50
Word count: 987
Abstract: Every business owner wants his or her company to succeed. Whether one leads a startup or a generations-old enterprise, it’s an easy (and obvious) thing to wish for. But what are the hallmarks of a successful company? This article names three: strong revenues, low production costs and minimal operating expenses. (Updated: 2/9/12)