2012
Showing 81–96 of 717 results
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Taxing breach of contract settlement proceeds
November / December 2012
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 483
Abstract: Attorneys need to understand how settlement proceeds are taxed, because taxability can have a significant impact on settlement negotiations. This article summarizes a recent IRS legal memorandum that provides some guidance on the taxability of settlement proceeds resulting from a breach of contract.
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Why now is prime time for a fraud sweep
November / December 2012
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 669
Abstract: For many companies, the end of the calendar year is an ideal time to conduct a fraud sweep with the help of a forensic accounting expert. This article discusses the kinds of documents a fraud expert will scrutinize, how employee behavior can be a tipoff to fraud and how companies can deal with suspicions.
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Gift smart – Wandry offers guidance on defined-value clauses
November / December 2012
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 694
Abstract: The U.S. Tax Court recently provided valuable guidance on using defined-value clauses in gift documents — guidance that should have significant estate planning implications. In fact, as this article notes, the court’s ruling in Wandry v. Commissioner can help taxpayers who want to transfer assets to family members before Jan. 1, 2013, when the lifetime gift tax exemption is scheduled to be reduced from $5.12 million to $1 million unless Congress acts.
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Valuation formulas – A buy-sell agreement goes to divorce court
November / December 2012
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 938
Abstract: Closely held businesses commonly rely on buy-sell agreements to facilitate liquidity and smooth ownership transitions. But the agreements also occasionally play a part in divorce proceedings. This article looks at one such case, in which a Missouri appellate court rejected a buy-sell agreement’s valuation formula as the basis for valuing the business in the divorce settlement. It shows why, depending on the jurisdiction, an enforceable buy-sell agreement should provide for an up-to-date appraisal. A sidebar lists the benefits of a properly structured buy-sell agreement.
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Noteworthy 2013 health care provisions
October 2012
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 411
Abstract: The 2010 health care act included several significant tax changes. This article lists two provisions that could impact numerous taxpayers — the $2,500 cap on health care Flexible Spending Account contributions and a higher threshold for itemized medical expense deductions — and notes what to do to minimize them.
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Fringe benefit rules for 2% S corporation shareholders
October 2012
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 548
Abstract: Employee fringe benefits paid on behalf of a 2% S corporation shareholder are subject to special rules. A 2% shareholder is one who owns more than 2% of the corporation’s outstanding stock on any day of the corporation’s tax year, considering direct and constructive ownership. This article explains which fringe benefits are subject to these special rules.
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College loan repayment plan application is simplified
October 2012
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 96
Abstract: This brief article notes that federal college loan borrowers repaying their loans under the Income-Based Repayment plan are about to find that the process has gotten simpler.
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News for Nonprofits – Survey pinpoints traits, actions and motives of monthly donors
October / November 2012
Newsletter: Nonprofit Agendas
Price: $225.00, Subscriber Price: $157.50
Word count: 466
Abstract: The fact that regular donations will create some stable income for the not-for-profit is the most successful argument in persuading a donor to commit to monthly gifting, according to a recent survey. This article lists several other effective arguments and offers some other survey findings about people who give monthly.
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Some for-profit business practices you should use
October / November 2012
Newsletter: Nonprofit Agendas
Price: $225.00, Subscriber Price: $157.50
Word count: 790
Abstract: Nonprofits often get the best results when they use some of the most successful practices pioneered by for-profit business — one such practice being the development of a strategic plan. Many for-profit companies use “SMART” principles when setting their strategic goals. This article explains those principles and how nonprofits can apply them. It also shows how the annual budget can support strategic priorities.
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Letting the people you help help you through feedback
October / November 2012
Newsletter: Nonprofit Agendas
Price: $225.00, Subscriber Price: $157.50
Word count: 711
Abstract: Using feedback from the people it serves not only can help a not-for profit boost its performance, but it also can let clients know their opinions count. And it might impress funders, especially if the organization incorporates feedback into its objectives. This article describes suggestions for getting and using feedback that two prominent executives in the nonprofit community recently offered.
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What you should know about independent audits
October / November 2012
Newsletter: Nonprofit Agendas
Price: $225.00, Subscriber Price: $157.50
Word count: 791
Abstract: Making a nonprofit’s financial results public is a key to the transparency required of many nonprofits today. And an independent audit of those statements can give granting agencies, donors and others confidence that the numbers are accurate and properly reported. This article focuses on audits of financial statements performed by independent CPA firms. It discusses Generally Accepted Auditing Standards (GAAS) and Generally Accepted Government Auditing Standards, along with alternatives to a GAAS audit. A sidebar describes two less-expensive alternatives that still involve input from an independent CPA firm.
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Recovering lost sales
Fall 2012
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 346
Abstract: All manufacturers want customers who are eager to buy their products, but what happens when they’re unable to provide the product? Potential profits quickly turn into lost sales. This brief article offers tips for tracking and analyzing these missed opportunities, so that manufacturers can better match their inventory to their customers’ wish lists — potentially increasing sales.
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Inventory costs sky high? — Your competitors likely are working to reduce them — you should be too!
Fall 2012
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 525
Abstract: Distributors and supply-chain management professionals are doing everything they can to lower inventory costs — and their efforts seem to be working. Logistics costs decreased 6% from 2010 to 2011, according to one survey. This article offers suggestions to trim inventory spending, involving inventory levels, forecasting, lead time, bulk purchasing, and ongoing evaluation.
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Deliver it with confidence – Avoid shipping woes with adequate cargo insurance
Fall 2012
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 866
Abstract: Failing to have adequate cargo insurance coverage can badly hurt a manufacturer’s bottom line, but it’s not always easy to determine the right amount or how to obtain it. This article describes problems that can arise when getting coverage through the carrier, and explains why a “shipper’s interest” cargo insurance policy, also known as all-risk coverage, might be a better option for some.
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Revised IRS royalty rules can result in tax benefits
Fall 2012
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 983
Abstract: Companies that pay royalties for the right to use trademarks in the products they manufacture find that the way those royalties are treated on their tax returns can make a big difference to the bottom line. Proposed changes to IRS regulations on sales-based royalties, which manufacturers pay based on the number of units of a particular product that they sell, offer a new option for capitalizing royalty expenses that could result in significant tax benefits. This article discusses a court case that led the IRS and the U.S. Treasury Department to issue proposed regulatory changes. A sidebar explains the difference between deducting expenses and capitalizing them.
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The IRS wants to help you with worker classification
Fall 2012
Newsletter: Management & Tax Concepts
Price: $225.00, Subscriber Price: $157.50
Word count: 781
Abstract: With mobile technology widely available and so many jobs lost following the 2008 financial crisis, many workers have gone solo. These independent contractors can be a great boon to employers looking for expertise on a short-term basis. But they also bring the risk of worker misclassification — and unwanted IRS attention. This article explains the differences between an employee and an independent contractor. It also describes an IRS program that allows employers who have inadvertently misclassified employees as independent contractors to voluntarily reclassify them and thus face greatly reduced liability for past taxes.