After Tax Season, the Urge to Merge
Article:
As the tax season winds down this week, accounting firms will be looking ahead to the next busy season: strategy season.
Published on January 28, 2011
CFO Outlook 2011 Expect the Unexpected
Article:
"If we're doing things in this planning cycle the same way we've been doing it for years, then we probably need to step back and take a look at the process." How you can plan for the age of "persistent uncertainty."
Published on January 28, 2011
Why and How to Conduct a Tax Practice Inspection
Article:
A firm can use a tax practice inspection as a tool to test the quality of tax services provided to clients, to develop specific recommendations for improvement, and to prepare or update a tax services policies and procedures manual.
Published on January 28, 2011
Service Addresses REITs Temporary Investment of New Capital
Article:
The IRS determined that a real estate investment trust (REIT) qualified for the “temporary investment of new capital” rules for purposes of the REIT income and asset tests when the REIT loaned the proceeds of its public debt offering to its operating partnership (OP) and the OP, in turn, temporarily
Published on May 10, 2010
Four Winning Strategies for the New Year
Newsletter:
How to succeed in 2010. What to expect for the New Year.
Published on January 28, 2011
Tax Shelter Transactions Disregarded
Article:
The Fifth Circuit joined the majority of circuits and held that a lack of economic substance will invalidate the results of a transaction even if a taxpayer had a genuine motive other than tax avoidance for entering into the transaction.
Published on January 28, 2011
Company in Distress Dont Wait Until Its Too Late
Article:
Troubled companies can leave collateral damage in their wake. Don't let your firm be one of the victims. Here's what you need to do today to be a hero, not a chump.
Published on January 28, 2011
Partners Limited Liability and Self-Employment Tax
Article:
...supported by a written partnership agreement and without substantial economic effect will not withstand an IRS challenge and that classification of an interest in a partnership as a limited partner interest should not be predicated simply on
Published on June 30, 2011
Financing Premiums vs. Paying Cash
Article:
With the estate tax looming around the corner there is a need to review your client’s estate planning. As of publication, on January 1, 2011 the top federal estate tax for estates over $1 million ($2 million per couple) will be 55 percent. Many advisors recommend that clients purchase life
Published on January 28, 2011
Add More Value Than Just Accounting, As Your Clients Trusted Advisor
Article:
Most, if not all, of your clients have or at some point will need a money manager. You are one of your client’s most trusted advisors and, from time to time, they may ask you for an introduction to a money manager. Therefore, it is important to know what questions
Published on January 28, 2011
Is Your Marketing Message Lost in the Clutter
Article:
Six secrets to a break-through makeover for your marketing plans.
Published on January 28, 2011
The Valuation of FLPs
Article:
Due to the popularity of family limited partnerships (FLPs) and the significant tax savings they can provide, the IRS has sought to limit the benefits of their use. As part of its attack on an FLP, the IRS frequently will challenge the value of the FLP that is claimed on
Published on January 28, 2011
The Accountant-Client Privilege Does It Exist
Article:
Conversations between you and your clients may be shielded from disclose to third parties, if the accountant-client privilege applies.
Published on January 28, 2011
Basic Bankruptcy Treatment of Income Tax for Individuals
Article:
This item attempts to clarify whether income taxes can be dismissed in bankruptcy and discusses certain aspects of bankruptcy and other options that CPAs need to be aware of in order to best represent their individual clients.
Published on June 30, 2011
S Corporation Shareholder Compensation How Much Is Enough
Article:
This article looks at recent court decisions regarding S corporation shareholder reasonable compensation that provide helpful guidance on how an adviser can determine what is reasonable compensation.
Published on April 20, 2012