The IRS has released an updated stance on the new changes to the tax law that will affect non-profits this tax year. “Fringe-benefits”, which include perks such as free parking […]…
Picture this: Its a Monday and you walk into work after a weekend that felt way too short. You say hello to all your coworkers and then you take a […]…
Married taxpayers who file a joint tax return are “jointly and severally liable” for the tax due. But spouses may be able to request “innocent spouse” relief if they can […]…
Oh no, it’s that time of year again when a group of auditors sets up camp in your conference room, taking up needed space to create what looks more like […]…
There’s good news for taxpayers who have long-term capital gains. After the Tax Cuts and Jobs Act’s passage, some taxpayers will still qualify to pay a 0% federal income tax […]…
As accounting professionals who specialize in nonprofit organizations, we’re often presented with opportunities to strengthen financial positions and, in turn, serve our communities both directly and indirectly. One of the most […]…
On Thursday November 1st, 2018, the IRS announced that taxpayers will be able to contribute $6,000 to their traditionally individual retirement accounts beginning in 2019. Participants in 401k plans will […]…
Personal Exemption Changes: What the changes mean for you With the tax season right around the corner, changes to your tax situation will soon be in effect. With the Tax […]…
A tried-and-true year end tax strategy is to make charitable donations. As long as you itemize and your gift qualifies, you can claim a charitable deduction. But did you know […]…