Can Not-for-Profits Use Gift Cards?
Not-for-profit organizations may be tempted to give gift cards to employees, volunteers, or those in need, but they need to be mindful of IRS de minimis fringe benefits rules, among other gift card considerations.
Webinar Recording: Are You Ready for ASC 842? Simplify Your Lease Accounting
As the recovery continues, many businesses and exempt organizations are taking another look at the new lease accounting standard and requirements. Learn how to simplify the process.
How Private Clubs Can Claim the Employee Retention Credit When Restrictions Are Lifted
Most state and local governments have been lifting COVID-19 restrictions, leaving club management wondering how and if they still qualify for the ERC, especially in the quarter that restrictions are lifted.
Change in Accounting for Certain Residential Rental Property
Certain types of residential rental property placed in service prior to 2018 can claim a shorter depreciation recovery period, potentially generating significant tax benefits. Affected taxpayers have until April 15, 2022 to file an amended return.
Club Philanthropy: Typical Club Foundations
While many clubs have gifting programs that are not tax advantaged, this article focuses on some typical club foundations that provide an incentive to their members to get involved in various initiatives that qualify for favorable tax treatment by the IRS.
Preventing Ransomware Attacks at Your Business
Ransomware attacks have become a major threat to many private businesses. The possibility of having critical business data encrypted by cybercriminals who then demand millions for data release is fast becoming a reality.
For Many SMBs in the U.S. Defense Industrial Base, CMMC 1 is a Business Critical Challenge
Learn how small government suppliers can meet the looming CMMC Level 1 compliance challenge.
The Biden Tax Plan: Changes to Global Intangible Low-Taxed Income (GILTI)
The new Global Intangible Low-Taxed Income (GILTI) regime imposes U.S. tax on foreign earnings of certain foreign corporations whether or not the profits are repatriated to the U.S. owner.
Is 2021 the Year to Gift?
It should come as little surprise that Congress seeks ways to generate revenue given current spending levels. So what has been proposed and how might it affect high net worth estate and gift planning?
2021 Housing Outlook: Part 2 – Real Estate Investor Considerations
Given the ongoing pandemic, a new presidential administration, and uncertainties over economic recovery, real estate investors and other stakeholders have been watching the housing market for signs of a possible bubble or downturn