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Going, Going…Gone: Will Medicare Tax Liability Strike Out Shohei Ohtani’s Annual Salary?

Withum

During contract negotiations both parties work together to achieve an optimal situation for each other. While, baseball does not have a salary cap, this payment would have counted towards 30% of Major League Baseball’s (“MLB”) Competitive Balance Tax (CBT) threshold. Let’s start with his federal payroll tax liability.

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Shohei Ohtani’s Deferred Compensation Comes With Shocking Tax Obligations

Withum

During contract negotiations both parties work together to achieve an optimal situation for each other. While, baseball does not have a salary cap, this payment would have counted towards 30% of Major League Baseball’s (“MLB”) Competitive Balance Tax (CBT) threshold. Let’s start with his federal payroll tax liability.

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Navigating ESG in the E-Commerce Industry: Sustainability, Responsibility, and Success

Withum

Companies must balance their need to utilize this data for commercial purposes with the importance of maintaining the confidentiality of customer data. More importantly, data security over personally identifiable information (PII) is regulated in many jurisdictions, and non-compliance is often subject to significant fines.

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What is a ‘Boot’ in a 1031 Exchange?

CPA Practice

Fernandez, Kiplinger Consumer News Service (TNS) In the context of a 1031 exchange, “boot” refers to the portion of a transaction that doesn’t meet the tax-free criteria and thus becomes subject to immediate capital gains tax. Considering mortgage balances. Be mindful of the mortgage on the replacement property.

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Your Firm and Your AI Strategy

CPA Practice

So, if you don’t have your overall strategies and tactics worked out, go back to some of my prior columns on strategy or fundamentals or to other business planners and get that done first! The most fun items (client recruitment, coordinating events, working on team camaraderie, morale, attitude, etc.)

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3 Keys to Working Smarter, Not Harder in Business

xendoo

Work Smarter, Not Harder. At SmartScout , we built our business around the idea of working “smarter”. What steps can small business owners take to work smarter? The three keys to working smarter, not harder, in business are education, technology, and delegation. The goal is to balance time saved with money spent.

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Top 5 Accounting Issues to Master to Avoid Snags in SPAC IPOs

ThomsonReuters

Use of Special purpose acquisition (SPAC) vehicles have spiked over the past year because private equity and venture capital firms have excess cash they need to put to work, accounting practitioners said mid-June. Attorneys caution the rush to go public via a SPAC vehicle, termed “De-SPACing,” comes with substantial risk. “It

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