Abstracts » Business

Let a CRT cut income taxes, increase estate, cash flow

Article Abstract:

Owners of public relations agencies may be able to effectively use charitable remainder trusts to gain a considerable tax deduction that would increase annual income and furnish added funds for retirement. Such trusts may be designed to pay a stream of income for life or terms of years. This income stream is in the form of a fixed dollar amount based on a percentage of the intitial value of the trust or its value determined at the beginning of each year.

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Guidelines clarify accounting for websites; IRS to offer tax rules

Article Abstract:

Public relations (PR) firms which have spent considerable sums to develop their Internet World Wide Web sites ought to be aware of the accounting and tax rules involved in these endeavors. Many PR firms, for instance, write off Web development costs as advertising expenses. The American Institute of Certified Public Accountants (AICPA) has already issued guidelines on the accounting treatment of Website costs. The IRS has not as yet issued any specific rules for these costs, which are generally considered non-tax deductible in the year incurred.

Taxes

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Implementing a value pricing strategy-part III

Article Abstract:

Public relations professionals need to know how to set fees for services.

Commodity & service prices, Public relations services, Agency Financial Data, Public relations firms

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