Business Accounting Resource Articles
July 21, 2010
First American Exchange Company Coordinating a 1031 exchange for limited liability companies or partnerships can present a unique set of challenges. If the entity itself will remain intact, the partnership or the LLC can sell its property and purchase replacement property through the 1031 exchange process. However, a common issue that arises is that not all of the members or partners can agree on a property to purchase, or even if they want to do an exchange at all. Full Story
July 21, 2010
First American Exchange Company The U.S. House of Representatives recently voted to pass H.R. 4213, which, effective January 1, 2011, will increase the tax on carried interest. Full Story
July 21, 2010
First American Exchange Company Taxes, like life, can be like riding a roller coaster. Sometimes it’s up and sometimes it’s down. This is definitely the case when speaking about the Federal capital gains rate for individuals. In the past 20 years, this tax has been as high as 28% and is currently at its low point of 15%. But, this too shall change as of January 1, 2011, when the rate is scheduled to go back to 20%. Full Story
April 19, 2010
Robert L. Masternak Article one of this two part series focused on Profit Sharing and how it is often confused with Gainsharing. The history and purpose of Profit Sharing was explored as well as the delivery of Profit Sharing in the form of either compensation or as a benefit. The appropriate organization climate and culture for Profit Sharing was also discussed. The focus of article 2 is Gainsharing, what it is, how it evolved, and how it might best serve and organization. Full Story
March 30, 2010
Robert L. Masternak Many people who confuse Profit Sharing and Gainsharing view them as being one in the same. Employees have an opportunity to earn a financial reward under both approaches, but that is where the similarity ends. I find many companies that install a Profit Sharing plan have selected the wrong tool and quickly become disappointed that they have been unable to foster a change in behaviors or to drive improvements in company performance. Full Story