Coaches Are Now More Expensive for Universities with the New Excise Tax

image of the words excise tax

Reading Time: 2 minutesBy: D. Larry Crumbley, Contributor to the South-Western Federal Taxation series   An excise tax at the Federal corporate tax rate (21 percent) is applied to the five highest-paid covered employees of tax-exempt organizations where such employees’ remuneration exceeds $1 million or the employee receives excess parachute payments.  This excise tax applies to universities and their athletic associations (e.g., coaches).  IRC […]

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Virtual Reality: Tools to Try in Your Class

person wearing virtual reality headset

Reading Time: < 1 minuteIn her webinars on using virtual and mixed realities in higher ed, Corinne Hoisington shared ideas and tools to use these new technologies in your course.  Here are some links to explore to get you started with virtual reality. VIRTUAL REALITY DEVICES Oculus Rift HTC Vive Google Cardboard VIRTUAL REALITY APPS YouTube 360: for use […]

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What Is Worse than a Hobby?

image of the words "What is your hobby?"

Reading Time: 2 minutesBy: Gregory Carnes, Contributor to the South-Western Federal Taxation series   For individual taxpayers, what is worse than having a revenue-generating hobby?  Nothing!!  This is even more true after the Tax Cuts and Jobs Act of 2017.  If an activity is determined to be a hobby, rather than a business, there are a number of deduction limitations placed on activity.  These […]

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James Lang: How Teachers Could Make An Important Change to their Approach to Teaching

cover of the book Small Teaching

Reading Time: 2 minutesJames Lang (author of the book “Small Teaching”) visited our Cengage offices in 2017 to talk about an approach to teaching that one of his colleagues (Ken Bain, author of “What the best college teachers do”) found was used by, well, the best college teachers. You’ll see these ideas reflected all around our community – […]

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Proposal to Improve Tax Consequences of a Pell Grant

image of a dollar bill and the words pell grant

Reading Time: 2 minutesThe taxation of higher education related savings, costs and interest expense is a fairly complex area of the law due to the numerous rules. Some of the rules don’t work in conjunction with one another. Studies from the GAO and others have sometimes found that some taxpayers do not claim tax breaks they are eligible […]

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Transform your Word Document into a Sway Web Page in Office 2019/365

logo for microsoft sway

Reading Time: 2 minutesDid you know that Microsoft Word lets you easily transform your document into an interactive and easy-to-share Sway web page that looks great on any device? Let me show you how this new feature solved a problem for me. The other day I wanted to send out a Word document to all of my students […]

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