Monthly Archives: January 2018

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Use the Updated Form 990 Schedule A to Your Advantage

Will the public change the way it makes donations as a result of the Job Cuts and Jobs Act? And will your non-profit be impacted by those behavioral changes? These questions are being asked by non-profit leaders across the country. There is a fear that a decrease in charitable giving will cause operating shortfalls and jeopardize your public charity status. One way to maximize your organization’s public support, no matter how charitable giving changes, is to make sure you are not in jeopardy of losing your charitable status

2018-12-21T16:20:14-05:00January 30, 2018|Categories: Industries, Not-for-Profit|Tags: , , , |

How Pass-Through Income Will Be Taxed in 2018

Pass-through and self-employed business owners stand to gain from a key provision in the recently enacted Tax Cuts and Jobs Act. The Act creates a new deduction of Qualified Business Income (or “QBI”), under IRC Section 199A, effective for tax years beginning after December 31, 2017 and before January 1, 2026.

2019-05-06T15:44:13-04:00January 25, 2018|Categories: Tax: Business, Tax: Individual|Tags: , |

Tax Reform’s Impact on Payroll

Soon after passage of the new tax reform law, the IRS announced that it is developing salary and wage tax withholding guidance to be issued sometime in January, 2018. The IRS said that use of the new 2018 withholding guidelines will allow taxpayers to begin seeing the changes in their paychecks as early as February 2018. Until then, employers and payroll service providers should continue to use the existing 2017 withholding tables and systems.

2018-08-17T15:27:20-04:00January 25, 2018|Categories: Small Business, Tax: Business, Tax: Individual|Tags: , |