2017
Showing 65–80 of 690 results
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Get ready to recognize … differently – New accounting rules for revenue recognition are coming
November / December 2017
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 956
Abstract: GAAP-compliant construction businesses will face an important change in about one year. That’s when Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers, begins to take effect for private companies. This article discusses the important modifications to revenue recognition that will occur under the new rules. A sidebar warns of additional disclosures to be required under the standard.
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5 tips for developing banking relationships with CFOs
Year End 2017
Newsletter: Commercial Lending Report
Price: $225.00, Subscriber Price: $157.50
Word count: 444
Abstract: CFOs are often the decision makers when it comes to picking lenders, accountants and other financial service providers. It’s important for lenders to stand out from the crowd and build connections with CFOs. This brief article offers five tips to help lenders connect with leaders in finance. It notes that CFOs who benefit from their connections with a lender likely will want to do business with the lender’s bank in the future.
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Game, set, match: How to assess a business’s game plan
Year End 2017
Newsletter: Commercial Lending Report
Price: $225.00, Subscriber Price: $157.50
Word count: 578
Abstract: When assessing the short- and long-term viability of commercial borrowers, lenders have many tools at their disposal, including business plans. A business plan provides essential information on how management expects the company to grow — and what strategies it expects to use to achieve its goals. This article provides some important questions to consider when examining borrowers’ business plans.
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Tip of the iceberg – Uncovering hidden liabilities
Year End 2017
Newsletter: Commercial Lending Report
Price: $225.00, Subscriber Price: $157.50
Word count: 618
Abstract: A borrower’s financial statements may look good, but they might not provide a full picture of the business’s financial health. It’s important for lenders to be aware that what’s undisclosed could be just as significant as the disclosures. This article highlights the need for lenders to be alert for misrepresentations or the failure to fully account for both assets and liabilities on the balance sheet, whether they’re merely unrecorded or deliberately hidden.
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Lending to veterans
Year End 2017
Newsletter: Commercial Lending Report
Price: $225.00, Subscriber Price: $157.50
Word count: 826
Abstract: Veteran-owned businesses can be a lucrative market niche for lenders who take the time to understand the owners’ specific military experience and needs. This article looks at some ways lenders can foster lending relationships within the veteran business community, including developing targeted marketing materials, networking with veteran business and franchise owners and sponsoring veteran family events. A sidebar looks at how the Small Business Administration supports veteran-owned businesses.
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Knowing when to consider subsequent events in business valuations
November / December 2017
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 390
Abstract: The value of a business interest is valid as of the “effective” date. This is a critical cutoff point, because events that occur after that date generally aren’t taken into account. This article discusses exceptions to the general rule based on whether information is foreseeable or provides an indication of fair market value. Estate of Noble v. Commissioner, T.C. Memo 2005-2 (2005) Estate of Jung v. Commissioner, 101 T.C. 312 (1993)
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Are settlement proceeds taxable?
November / December 2017
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 580
Abstract: The federal tax code specifically excludes damages received for personal physical injuries or physical illness from taxable gross income. But sometimes it’s hard to determine the nature of settlement proceeds. This article summarizes a recent U.S. Tax Court decision that illustrates the importance of using the “right” wording in settlement agreements to minimize unfavorable tax consequences. McKinney v. Commissioner, No. 9512-15, U.S. Tax Ct. (January 5, 2017)
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’Tis the season for donations – How not-for-profits can detect and prevent common fraud schemes
November / December 2017
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 661
Abstract: Charities and other not-for-profit organizations typically receive most of their donations at year end. It’s critical for these organizations to be on the lookout for fraud during the busy season. This article explains the schemes that are most common to not-for-profit organizations and suggests ways they can beef up internal controls to prevent fraud. An incident can ruin an organization’s reputation, so it’s important to have strong internal controls in place to prevent fraud from happening in the first place.
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What’s it worth? 3 approaches to valuing a business
November / December 2017
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 872
Abstract: Business valuation professionals typically apply three different approaches when valuing a business. This article explains common valuation methods that fall under the cost, market and income approaches. A sidebar highlights the excess earnings method, which draws from both the cost and income approaches.
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Ensuring your year-end donations are tax deductible
December 2017
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 257
Abstract: Many people decide to make donations at the end of the year. When doing so, it’s important to know the rules about whether such contributions will be considered tax deductible for 2017. This brief article discusses two important concepts: delivery dates and qualified charities.
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5 common mistakes when applying for financial aid
December 2017
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 409
Abstract: Given the astronomical cost of college, even well-off parents should consider applying for financial aid. A single misstep, however, can harm a child’s eligibility. This article looks at five common mistakes.
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DAPTs offer a homegrown approach to asset protection
December 2017
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 482
Abstract: The most effective way to protect assets from future creditors is to transfer them to children or other family members with no strings attached. But, understandably, many wealthier individuals want to retain some control over their wealth. This article looks at one potential option of doing so: creating a domestic asset protection trust.
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Educate employees on required minimum distribution rules
December 2017
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 542
Abstract: Businesses with employees headed for retirement can provide a helpful service by educating these workers on rules regarding required minimum distributions (RMDs). If violated, these rules could trigger hefty penalties. This article explains RMD requirements for IRAs and 401(k)s. A sidebar looks at other RMD issues, such as beneficiary spouses and form of distribution.
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Are frequent flyer miles ever taxable?
November 2017
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 255
Abstract: Many people who accumulate frequent flyer miles assume that these valuable rewards aren’t taxable. This brief article explores the validity of this assumption.
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Pondering the purchase of a life insurance policy
November 2017
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 402
Abstract: What, if any, role life insurance should play in one’s financial plan depends on a variety of factors. This article examines some of those factors, including whether a person has dependents and his or her net worth.
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Bad debts aren’t always bad news
November 2017
Newsletter: Tax & Business Alert
Price: $225.00, Subscriber Price: $157.50
Word count: 490
Abstract: No business owner goes out of his or her way to acquire a bad debt. But they’re not always bad news. This article discusses how a company may be able to write off the uncollectible amount for tax purposes.