Happy Thanksgiving!
Author Archive
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Don’t let the “commerciality doctrine” trip u your nonprofit
The commerciality doctrine was created along with the operational test to address concerns over not-for-profits competing at an unfair tax advantage with for-profit businesses. But even business activities related to your exempt purpose could fall prey to the commerciality doctrine,… Read More
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Estimates vs. actuals: Was your 2018 budget reasonable?
As the year winds down, business owners can be thankful for the gift of perspective (among other things, we hope). Assuming you created a budget for the calendar year, you should now be able to accurately assess that budget by… Read More
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Catch-up retirement plan contributions can be particularly advantageous post-TCJA
Will you be age 50 or older on December 31? Are you still working? Are you already contributing to your 401(k) plan or Savings Incentive Match Plan for Employees (SIMPLE) up to the regular annual limit? Then you may want… Read More
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Tax reform expands availability of cash accounting
Under the Tax Cuts and Jobs Act (TCJA), many more businesses are now eligible to use the cash method of accounting for federal tax purposes. The cash method offers greater tax-planning flexibility, allowing some businesses to defer taxable income. Newly… Read More
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Make Your Charitable Gift a Work of Art
Make Your Charitable Gift a Work of Art
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Why Most CPA Firms Never Make it to the Second Generation
Why Most CPA Firms Never Make it to the Second Generation http://bit.ly/2OO63Fp|8332G4896312J0C
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Tax relief for victims of November 8 wildfires in California
Tax relief for victims of November 8 wildfires in California http://bit.ly/2qQiGX2
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IRS Criminal Investigation leveraging more data analytics
IRS Criminal Investigation leveraging more data analytics http://bit.ly/2ONtb6R