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Nov 21

New Landscape for Real Estate Investment Trusts

The Protecting Americans from Tax Hikes (PATH) Act made substantial changes to certain area of the Real Estate Investment Trust (REIT) rules detailed below. Many of the provisions provide REITs with additional flexibility regarding the nature of their assets and income and make REITs an appealing investment vehicle for foreign taxpayers. Here’s a summary of several provisions that provide tax benefits for REITs.

Nov 16

What to do About Falling Realization Rates

Is your firm’s realization rate declining? If so, most firms are in the same boat. According to the 2016 Report on the State of the Legal Market from Georgetown University Law Center and Thomson Reuters Peer Monitor, the average firm’s billing realization rate fell from 94% to 87% over the past 10 years. Collected realization fell from 93% to 83% during the same period.
Setting a goal of 100% realization probably isn’t realistic. But with a concerted effort, you should be able to keep your rate above 90%. Here’s how.

Nov 14

Know the Risks and Rewards of Operating Across State Lines

Estimating state-level taxes is generally easier when you operate in only one state. But manufacturers and distributors that cross state lines may be subject to tax in more than one state. Although this may complicate matters during tax filing season, it also offers opportunities to lower your company’s state tax liability, if you know the relevant state tax laws and plan ahead.

Nov 07

Consider Your Options with Non-Vested Participant Forfeitures

As a way of encouraging long-term employment, employee benefit plans often provide a combination of vested and non-vested assets. When employees leave a company before their employer contributions have vested, they may forfeit those amounts based on how long they worked for the employer.

Nov 03

Evaluating Your Fundraising Returns

As competition continues to increase for contributions, donors have begun to look for more accountability and transparency from not-for-profits, especially regarding fundraising. Not only is the sum of money raised in campaigns meaningful, but how efficiently the money is raised is significant as well. 

Nov 02

Active Versus Passive Investment Funds: Should You Let Participants Decide?

According to a report by Casey Quirk of Deloitte, 72% of money invested into funds went into passive funds in 2015. While some may see this as a strong case for passive investing, the issue for plan sponsors is not that simple.

Oct 24

Tips to Improve Attorney Timekeeping

Timekeeping is a necessary evil for every law firm. Even attorneys who work on a contingent fee basis need to keep adequate documentation of their time to obtain court-awarded fees, and lawyers who charge on a flat-fee basis must track their hours to provide accurate time estimates and confirm they’re charging appropriate fees. So how can you get your attorneys to better track their time?

Oct 16

What Kind of Insurance Does the Project Need?

Every business requires comprehensive insurance coverage to protect its assets and income. However, property owners and developers need to consider more than just general liability, workers’ compensation and business interruption policies. Here is a quick overview of what else may be necessary.

Oct 11

Should You Outsource Billing?

Deciding to handle your billing in-house or hire an outside billing company is an important decision with significant implications for your practice’s long-term financial health. It is a good idea to look at all of the pros and cons to ensure your decision is the right one.

Oct 09

Worker Classification Matters

Many employers mistakenly believe that the misclassification of employees as independent contractors does not really matter, so long as contractors satisfy all of their tax obligations. This could not be further from the truth. This article explains the stakes involved when employers classify workers as employees or independent contractors.

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