Recent Articles
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Borrowing lower tax rates with LLCs, FLPs
By David B. Mandell, JD, MBA, and Carole Foos, CPA Healthcare AdministrationEveryone wants to reduce income taxes. Limited liability companies (LLCs) and family limited partnerships (FLPs) are tools that can allow for tax savings on passive income by "borrowing" the lower tax rates of family members. FLPs and LLCs are quite similar. You can think of them as closely related, like brothers and sisters, as they share many of their best characteristics.
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Borrowing lower tax rates using LLCs, FLPs
David B. Mandell, JD, MBA, and Carole Foos, CPA Business Management, Services & Risk ManagementEveryone wants to reduce income taxes. Limited liability companies (LLCs) and family limited partnerships (FLPs) are tools that can allow for tax savings on passive income by "borrowing" the lower tax rates of family members. FLPs and LLCs are quite similar. You can think of them as closely related, like brothers and sisters, as they share many of their best characteristics.
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The Greece debt crisis may actually boost travel figures
Bambi Majumdar Travel, Hospitality & Event ManagementThe Greece debt crisis is dominating world news. Though it has been brewing for a few years now, things have come to a heated and rather uncontrollable head in recent weeks. Greece is unable to pay off its loans, and it's affecting the entire European economy and tourism figures across the world. There are all kinds of warnings and predictions over the media, with some advising travelers to stay away from the troubled Mediterranean nation while others say it's OK to go there.
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The perfect storm for a pilot shortage: Part III
Mark Huber Transportation Technology & AutomotiveThe declining number of retired military pilots entering civil aviation, coupled with the potentially-crippling proposed limits on the use of Veterans Administration educational benefits for civil flight training, promises to place more pressure than ever on civilian-track students to fill an emerging pilot shortage, including for helicopter EMS. But given the high cost of helicopter training — up to $300,000 — and a lack of affordable student loans to finance it, will enough young men and women choose helicopter flying as a career?
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Do we listen enough to our nurses?
Keith Carlson Healthcare AdministrationNurses walk this earth as the holders of specialized knowledge. They are educators, researchers, caregivers, leaders, healthcare providers, managers and entrepreneurs. The nursing process instills in nurses the practice of critical thinking, as well as the ability to reassess an outcome, deeply examine an entrenched way of thinking, or re-evaluate a previously-agreed-upon course of action. These are profoundly useful skills.
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4 business lessons brought to you by DeAndre Jordan
Julie Bernhard Business Management, Services & Risk ManagementThe Dallas Mavericks had laid all their cards on the table. They were going all in — signing DeAndre Jordan was all but set in stone during this year's NBA free-agency period. The Mavs set their sights high and believed acquiring the top center in the free-agent market to be their answer to a lackluster season and short playoff run. A risky move, but everything seemed to be working out after a verbal agreement from the former Clippers player last week.
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Is fracking really a waste of water?
Stefanie Heerwig Natural ResourcesOne of the critiques against hydraulic fracturing (or fracking as it is commonly called) is that the process uses millions of gallons of water per well, far too much for arid areas like Dimmit County in Texas.
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Training your hospitality staff to upsell
Kay Corriere Travel, Hospitality & Event ManagementGiven today's economy and spiraling costs, upselling the hospitality customer is a necessity. There are many ways to improve the bottom line without making it obvious to the customer.
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Why our home defense plan turned out to be a failure
Ken Jolly Recreation & LeisureAs Murphy's law states, anything that can go wrong, will go wrong. My wife and I felt secure with our home defense plan. Both of us knew our part and felt confident in executing it. Then, one night several months ago, the home intruder alarm went off around 3 a.m., dragging us both up from sound sleep.
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A new wine age with biodynamic and fusion wines
Bambi Majumdar Food & BeverageBiodynamic and fusion wines are the newest trends that are defining the world of wines. As old as the wine industry is, it has always been marked by prominent and dynamic shifts. But never before has the consumption of wine been as widespread as it is today.