Blog

11 hours ago

KJ Law & CPA

TAX IS NOT THE END ALL!
Helping your tax clients manage risk
While tax is one important component of the financial picture, clients might not be aware of other key areas in which they need help. This includes managing risk that affects their financial picture. In fact, there's a significant relationship between clients' financial well-being and risk management.
AICPA Insights (11/8)
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11 hours ago

KJ Law & CPA

INTERESTING!
Professional sports franchise did not receive income from "membership" fees
The Internal Revenue Service has ruled that when a sports franchise raises money to build a stadium by selling "memberships" to fans, money collected is not income to the team because the team is obligated to repay the money.
The Tax Adviser (11/2019)
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11 hours ago

KJ Law & CPA

WHAT YOU DON'T KNOW!
What you might not know about retirement
Planning for retirement requires being on top of all the issues that affect finances. Here are five that might be surprising, starting with taxation of Social Security benefits.
Kiplinger online (11/11)
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4 days ago

KJ Law & CPA

HOW DO YOU HANDLE?
6 tips for dealing with unhappy employees
A dissatisfied employee can have a harmful effect on others in the office. Here's how to cut through the gloom to help everyone feel better and work productively.
CPA Insider (11/4)
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4 days ago

KJ Law & CPA

YOUR THOUGHTS
Mayo Clinic held to be an educational organization despite engaging in noneducational activities
The District Court has invalidated a Treasury Department requirement that educational activities be an educational organization's primary function and its other activities be incidental to those activities.
Journal of Accountancy print issue (11/2019)
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4 days ago

KJ Law & CPA

HAVE YOU FACED BURNOUT?
How to reduce the risk of workplace burnout
Making changes in your life as a whole can prevent workplace burnout. Here are some tips to limit burnout by managing your physical health, your personality and the world around you.
The New York Times (tiered subscription model) (11/6)
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5 days ago

KJ Law & CPA

AWESOME!
Retirement plan contribution limits increase for 2020
The Internal Revenue Service has issued the annual notice detailing inflation-adjusted amounts for retirement plans. The annual contribution limit for 401(k) plans is increasing to $19,500 in 2020 from $19,000 in 2019, and most other limits are increasing as well.
Journal of Accountancy online (11/6)
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5 days ago

KJ Law & CPA

ARE YOU FRUGAL?
When frugality in retirement becomes a problem
Some retirees do not spend assets because they fear they will not have enough to live on. This might seem a prudent strategy, but too much frugality can lead to social isolation and even create health risks.
The New York Times (tiered subscription model) (11/6)
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5 days ago

KJ Law & CPA

IRS posts 2020 inflation adjustments and tax tables
The Internal Revenue Service has released 2020 tax tables for individuals and estates and trusts, as well as inflation adjustments for over 60 tax provisions for 2020 tax returns. Most of these items have increased for inflation over 2019 amounts.
Journal of Accountancy online (11/6)
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6 days ago

KJ Law & CPA

THIS IS INTERESTING!
New rule on nonresident aliens in an S corporation
The 2017 tax law provides a way to avoid unexpected termination of an S election when a nonresident alien becomes a potential current beneficiary of an electing small business trust or a deemed owner of a grantor trust that elects to be an ESBT.
The Tax Adviser (11/2019)
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