2023
Showing 33–48 of 460 results
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Tax Tips – Take advantage of the 0% tax rate
November / December 2023
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 444
Abstract: These brief tips explore the value of taking advantage of the 0% capital gains tax rate; explain that qualified businesses can still claim the Employee Retention Tax Credit; and detail the option of requesting a corporate tax refund.
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Renting to relatives? Beware of the tax pitfalls of family member rentals
November / December 2023
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 531
Abstract: If you own residential real estate, you may be considering renting it to family members. As rents continue to rise in many parts of the country, renting property at a discount to family members may seem like a good way to help relatives in need. But these arrangements are fraught with tax perils. A misstep can lead to the loss of significant tax deductions. This article reviews the tax treatment of rentals to unrelated parties and examines how renting to family changes the rules.
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Does a charitable remainder trust belong in your estate plan?
November / December 2023
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 564
Abstract: When it comes to tax-saving strategies, sometimes the current economic and financial environment can make one strategy more effective than another. That’s certainly the case with a charitable remainder trust (CRT). Indeed, CRTs are generally more attractive when interest rates are higher — and the prime lending rate is currently at its highest level since 2001. This article details how a CRT works and why it can benefit a person’s estate plan.
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Year-end tax planning strategies for businesses
November / December 2023
Newsletter: Tax Impact
Price: $225.00, Subscriber Price: $157.50
Word count: 918
Abstract: As 2023 comes to a close, now is a good time for businesses to consider year-end moves that can help reduce their tax bills. This article explores several year-end tax planning strategies for businesses to consider. A brief sidebar answers the question of whether companies can write off bad business debts.
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Time to get serious about digital marketing
Fall 2023
Newsletter: Law Firm Management
Price: $225.00, Subscriber Price: $157.50
Word count: 407
Abstract: For many law firms, digital marketing remains an afterthought. But simply having a stagnant website, largely dormant blog and no social media presence won’t cut it, regardless of a firm’s size or specialty. This article highlights some best practices for law firms to consider.
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Is PTE tax attributable to a law firm? Understanding pass-through entity taxes
Fall 2023
Newsletter: Law Firm Management
Price: $225.00, Subscriber Price: $157.50
Word count: 552
Abstract: Law firms that elect pass-through entity (PTE) taxation at the entity level, rather than at the individual partner or member level, can run into some accounting difficulties. This article examines what firms need to know about PTE taxation and how to avoid trouble.
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Paying attention to payroll
Fall 2023
Newsletter: Law Firm Management
Price: $225.00, Subscriber Price: $157.50
Word count: 595
Abstract: Law firms might have added people to the payroll in the past year, or increased the amount of work they outsource to independent contractors. Hiring support staff, associates and partners and paying independent contractors can make payroll management — already a challenge for some firms — more difficult. This article presents some ways to keep payroll efficient and in compliance.
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Estate planning for attorneys – 5 tax-efficient tools to transfer personal wealth
Fall 2023
Newsletter: Law Firm Management
Price: $225.00, Subscriber Price: $157.50
Word count: 873
Abstract: The Tax Cuts and Jobs Act (TCJA) almost doubled the federal gift and estate tax exemptions. But the increased exemptions are scheduled to sunset after 2025. This article provides some tax-efficient methods that attorneys may want to consider for transferring their wealth. A brief sidebar looks at how the SECURE Act changed rules for inherited IRAs, as well as changes under proposed IRS regulations.
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Embrace construction technology to sharpen your competitive edge
November / December 2023
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 444
Abstract: One 2023 survey found that construction is viewed as “the least technologically proficient” industry in the United States. Well, that’s no good. On the bright side, there’s still plenty that contractors can do about it. This article discusses various ways that construction businesses can embrace tech to operate more competitively and attract younger workers.
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OSHA’s new recordkeeping rule will soon take effect
November / December 2023
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 533
Abstract: In July 2023, the Occupational Safety and Health Administration published its final electronic recordkeeping rule, which is scheduled to take effect Jan. 1, 2024. The rule expands current occupational injury and illness reporting requirements for construction and other designated high-hazard industries. This article explains what the rule means for construction businesses required to comply and why some industry groups have spoken out against it.
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Reviewing your options for a business structure
November / December 2023
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 670
Abstract: Construction business owners know a thing or two about building a structure. But they also need to know the ins and outs of establishing a business structure or changing to a new one. This article reviews the four major choices, explaining the advantages and potential disadvantages of each.
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How about that new lease-reporting standard? New accounting rules call for constant vigilance
November / December 2023
Newsletter: Contractor
Price: $225.00, Subscriber Price: $157.50
Word count: 898
Abstract: Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842) took effect for privately held businesses in 2022. This new lease-reporting standard sets forth rules that could markedly affect certain financial ratios for construction companies that lease property and equipment. This article reviews the old rules, describes the new rules and discusses how the new standard may impact some of those ratios. A sidebar notes that the new lease-reporting standard could impact a construction company’s tax liability.
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Beware of the corporate opportunity doctrine
November / December 2023
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 428
Abstract: Under the corporate opportunity doctrine, an agent of a corporation can’t divert or exploit for the agent’s own benefit an opportunity that’s the principal’s opportunity. This article summarizes a recent case in which a New York trial court found the majority owners of a successful sports bar misappropriated a “corporate opportunity” when they used lease buyout proceeds to relocate the bar and start a new corporation to run it. O’Mahony v. Whiston, No. 652621/2014. (N.Y. Cty., Feb. 15, 2023).
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How to reduce frauds from C-suite executives
November / December 2023
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 562
Abstract: The largest fraud losses typically come from people in positions with the highest authority — owners and executives. A recent study by the Association of Certified Fraud Examiners reports that the median loss from these fraud schemes was $337,000, compared to $50,000 for rank-and-file workers. This article discusses ways to reduce executive-level fraud risks by focusing on the three critical elements of the fraud triangle: motive, opportunity and rationalization.
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FAQs about valuing human capital
November / December 2023
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 682
Abstract: The term “human capital” refers to a trained and assembled group of workers who know how to operate equipment, follow the company’s policies and procedures, innovate to build new products and services, and work together as a team to achieve the company’s strategic goals. Human capital is often an unreported — but valuable — asset that can be difficult to appraise. This article discusses the types of human capital assets, how to value them and when a valuation might be needed.
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Estate of MacElhenny v. Commissioner – Claims against decedent didn’t reduce the estate’s value
November / December 2023
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 862
Abstract: The U.S. Tax Court recently ruled that an estate couldn’t deduct the value of two consent judgments entered against the decedent. This article explains why the U.S. Tax Court sided with the IRS, ruling that the judgments didn’t qualify as “bona fide” claims against the estate. A sidebar highlights the Tax Court’s rejection of the estate’s argument that entry by a state court makes judgments bona fide claims. Estate of MacElhenny v. Commissioner, Nos. 12981-19, 12982-19 (Tax Ct. March 15, 2023).