Do Fundraising Materials and Pledge Forms Communicate the Same Message?

Nonprofit organizations use solicitation materials, fundraising events, marketing brochures, etc. to influence others to choose to donate to their organization versus a different one. Once a donor decides to make a promise to give or a pledge to a nonprofit organization, many times the form the donor sees may or may not mirror the information in the marketing materials that was used to influence their decision in the first place.

2019-03-19T15:27:28-04:00February 11, 2019|Categories: Accounting, Not-for-Profit|Tags: , , |

IRS Issues Guidance for Parking Expenses as Qualified Transportation Fringes

Guidance issued from the IRS on December 10, 2018 provides examples of ways to identify and calculate non-deductible parking expenses including a four-step process when taxpayers and tax-exempt organizations own or lease parking facilities. This guidance allows for any reasonable method in calculating the non-deductible expenses.

2019-03-19T15:31:55-04:00February 5, 2019|Categories: Accounting, Not-for-Profit, Tax: Business|Tags: , |

Benefits and Uses of RPA and Blockchain in Not-for-Profit Organizations

Modern technology has allowed us many advantages in the workplace. However, certain issues such as operational inefficiencies and data breaches are still relatively common among organizations today. There are relatively new technologies available to address such issues – in particular, Robotic Process Automation (RPA) and blockchain.

2019-07-24T20:07:49-04:00December 19, 2018|Categories: Accounting, Not-for-Profit|Tags: , , , |

Business Meals Are Still Deductible

Prior to the enactment of the TCJA, there was no need to break out meals and entertainment, as they were both 50 percent deductible; however, the new law repealed all deductions for entertainment, amusement, and recreation, regardless of whether they have a business purpose. Defining the line between meals and entertainment became critical to determining deductibility but guidance on this was limited. We’ve received some instruction and we have some good news to share!

2021-05-06T15:42:46-04:00December 5, 2018|Categories: Accounting, Tax: Business|Tags: , |

To Itemize, or Not to Itemize: That Is The Question

The largest change to individual tax compliance resulting from the Tax Cuts and Jobs Act affects the calculation of various itemized deductions. Clients and friends have expressed confusion and even repeated some common misconceptions about the changes.

Due Diligence Should Be More Than Numbers

Whether it is to gain access to new technologies or increase resources and market presence, more companies, large and small are considering a merger or acquisition. 

Trump Tax Reform Plan: How It May Affect You and Your Company

One of the topics talked about all year is how our tax system needs to be greatly improved and just this week, President Trump and [...]

4 Things You Should Know About Troubled Debt Restructuring

Troubled Debt Restructuring (TDR) accounting has some of the most difficult accounting rules to interpret, primarily because they are subjective in nature.

2020-08-07T09:11:25-04:00September 22, 2017|Categories: Accounting, Credit Unions, Financial Institutions|Tags: |
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