2022
Showing 145–160 of 467 results
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Act now to maximize depreciation-related tax breaks for 2022
September / October 2022
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 922
Abstract: Current tax law allows two valuable depreciation-related deductions on purchases of equipment, tools, machinery and other assets essential to construction companies. But contractors will need to move fast to make the most of them. This article discusses the latest details on the Section 179 expensing election and bonus depreciation. A sidebar notes that, under some circumstances, construction companies might want to skip these tax breaks.
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Why attorneys’ financial wellness matters for law firms
Summer 2022
Newsletter: Law Firm Management
Price: $225.00, Subscriber Price: $157.50
Word count: 464
Abstract: In the midst of the continuing economic uncertainty, even affluent attorneys free of student debt have voiced concerns about their financial stability and retirement readiness. Law firms that heed and respond to their worries can gain valuable competitive advantages. This article reviews the effect of financial stress on law firm associates and how firms can help.
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Communication is key to timely client payment
Summer 2022
Newsletter: Law Firm Management
Price: $225.00, Subscriber Price: $157.50
Word count: 560
Abstract: Failure to routinely communicate with clients might cause them to become disgruntled and slow down — or stop — payments. Being in touch with clients regularly will help gauge a client’s level of satisfaction with a firm’s work. And satisfied clients generally pay their bills. This article discusses ways firms can be clear, firm, consistent and persistent in communication with clients.
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What’s it worth? Understanding valuations in law firm acquisitions
Summer 2022
Newsletter: Law Firm Management
Price: $225.00, Subscriber Price: $157.50
Word count: 595
Abstract: Merger and acquisition activity remains steady in the legal industry. There are many questions to ask and avenues to pursue as part of due diligence in a merger. Among the most important is the value of the other firm, taking into account such factors as its assets, liabilities and ability to generate revenues into the future. This article looks at how law firms are valued compared to other businesses, different valuation methods, and adjustments to valuations specifically for law firms.
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IRS Attorneys Audit Technique Guide – IRS focuses on attorney audits
Summer 2022
Newsletter: Law Firm Management
Price: $225.00, Subscriber Price: $157.50
Word count: 822
Abstract: The IRS recently released an updated Attorneys Audit Technique Guide to help its examiners effectively audit attorneys. While no one enjoys being the subject of an audit, the guide provides some valuable insights into the areas auditors are likely to examine, which, in turn, can help law firms avoid costly missteps. This article summarizes the areas of interest that examiners may focus on, including segregated client trust accounts, deferred income, advanced client costs and employee misclassification. A short sidebar covers a nonexclusive list of documents that firms will need to supply to both expedite the audit process and demonstrate a commitment to transparency.
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Estate Planning Pitfall – You didn’t make specific references in a letter of instruction
August / September 2022
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 275
Abstract: A letter of instruction provides insights into the management of a person’s affairs after death. But the letter won’t be of much help if it’s vaguely written. This brief article suggests specific references to include in the letter.
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QTIP trust – Strange name, powerful trust
August / September 2022
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 645
Abstract: A qualified terminable interest property (QTIP) trust is an odd sounding name for an estate planning technique. Nevertheless, it can be a valuable strategy, especially for someone who’s currently in a second marriage. Essentially, this trust provides future security for both a surviving spouse and children from a prior marriage, while retaining estate planning flexibility. This article details the ins and outs of a QTIP trust.
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Family businesses would be wise to consider IRC Section 6166
August / September 2022
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 909
Abstract: It’s true that because of the current record-high gift and estate tax exemption amount, most families don’t have to worry about transfer taxes. However, there are high net worth individuals who must continue to work to reduce their estate tax liability. In fact, these taxes continue to place a burden on families with significant amounts of wealth tied up in illiquid closely held businesses. This article explores the ways Internal Revenue Code Section 6166 can provide relief by allowing the estates of family business owners to defer estate taxes and pay them in installments if certain requirements are met.
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Does your family situation call for a spendthrift trust?
August / September 2022
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 721
Abstract: For those who have concerns that an heir might squander his or her inheritance, drafting a spendthrift trust might be the solution. This trust may incorporate various tax benefits, including taking advantage of the federal gift and estate tax exemption. But that’s not its primary focus: Its main purpose is asset protection. This article explains how a spendthrift trust works and why it’s important to choose the right trustee. A sidebar details the reasons why a professional is needed to create the trust.
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How can contractors use wearable technology?
Summer 2022
Newsletter: Construction Industry Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 425
Abstract: Construction companies are increasingly using wearable technology to improve the building process. The term refers to a wide variety of hands-free, internet-connected electronic devices that can be worn directly on the body or embedded in hard hats, boots, vests or other gear. This article describes just a few uses of wearables in a construction context.
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8 tips for managing your supply chain
Summer 2022
Newsletter: Construction Industry Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 530
Abstract: The COVID-19 pandemic and other world events have triggered or worsened supply chain risks and shortcomings affecting many industries, including construction. So, it’s critical for contractors to actively manage their supply chains. This article offers eight tips, including being transparent with customers and looking into helpful software.
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Prepare for project delays with savvy financial strategies
Summer 2022
Newsletter: Construction Industry Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 656
Abstract: No matter how well planned, construction projects don’t always go as anticipated. A job that looks sunny on paper can turn into a hot mess if it experiences serious delays. This article discusses how recognizing common risks and preparing savvy financial strategies can help a construction company avoid disaster if a serious slowdown occurs.
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New lease accounting standard is here (for real this time)
Summer 2022
Newsletter: Construction Industry Advisor
Price: $225.00, Subscriber Price: $157.50
Word count: 918
Abstract: Although its implementation has been long delayed, a new accounting standard applicable to leases under Generally Accepted Accounting Principles is now in effect. The changes could affect financial ratios that lenders and sureties use to evaluate a construction company. This article explores the details of the new lease accounting standard. A sidebar urges contractors to look for “embedded leases” that they might be unaware of.
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News for Nonprofits – Is it time to reconsider Facebook?
August / September 2022
Newsletter: Nonprofit Agendas
Price: $225.00, Subscriber Price: $157.50
Word count: 440
Abstract: In this issue’s News for Nonprofits we look at nonprofits’ use of Facebook, a survey report from the Association of National Advertisers that reveals that email “remains king” when it comes to advertisers’ direct marketing strategies, and why virtual fundraising events remain vital and valuable in this post-pandemic era.
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IRS issues guidance on LLCs as 501(c)(3) entities
August / September 2022
Newsletter: Nonprofit Agendas
Price: $225.00, Subscriber Price: $157.50
Word count: 575
Abstract: Nonprofits often use limited liability companies (LLCs) when they want to form subsidiaries to, for example, launch a new service or joint venture. However, federal regulations for tax-exempt organizations don’t specifically address LLCs. This article summarizes new guidance from the IRS on the requirements an LLC must satisfy to be deemed tax-exempt.
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Updating collective impact initiatives to include equity
August / September 2022
Newsletter: Nonprofit Agendas
Price: $225.00, Subscriber Price: $157.50
Word count: 627
Abstract: Large-scale social change involving issues such as global warming, racial justice, economic development or education generally isn’t possible for individual nonprofits. An approach known as “collective impact” coordinates organizations across multiple sectors to tackle these larger issues. This article covers what nonprofits need to know before signing on to such an initiative.