Summer hours are in effect: Our offices close at NOON on Fridays from May 17th to July 12th
Our offices are closed tomorrow 1/7/25 from 8am – 1pm for a firm event. Thank you.
Summer hours are in effect: Our offices close at NOON on Fridays from May 17th to July 12th
Our offices are closed tomorrow 1/7/25 from 8am – 1pm for a firm event. Thank you.
A 529 plan distribution is tax-free if it is used to pay “qualified higher education expenses” of the beneficiary (student). Before the TCJA made these
Before Tax Rerfom changes were effective, individuals were permitted to claim the following types of taxes as itemized deductions, even if they were not business
Current rules Under the current rules, an individual who pays alimony may deduct an amount equal to the alimony or separate maintenance payments paid during
Under pre-Act law, the child tax credit was $1,000 per qualifying child, but it was reduced for married couples filing jointly by $50 for every
Before the TCJA, individuals could claim as itemized deductions certain personal casualty losses, not compensated by insurance or otherwise, including losses arising from fire, storm,
Net Operating Losses Under pre-Tax Cuts and Jobs Act law, a net operating loss (NOL) for any tax year was generally carried back two years,
Starting in 2019, the TCJA has eliminated the shared responsibility payment, more commonly known as the “individual mandate,” that penalizes individuals who are not covered
Congress is enacting the biggest tax reform law in thirty years, one that will make fundamental changes in the way you, your family and your
On December 20, the House passed the reconciled tax reform bill, commonly called the “Tax Cuts and Jobs Act of 2017” (TCJA), which the Senate
Popular payment app, Venmo, explores nonprofit application Venmo, a mobile payments app particularly popular with Millennials, is working on a channel that nonprofits can use to
Overheard in a nonprofit’s office: “It’s so hard to find good board members. It’s going to be really difficult to fill these board openings.” If
With the end of the year on the horizon, your supporters may be thinking about making charitable contributions they can deduct on their 2017 federal
Nonprofits have pursued corporate sponsorships for years, with good reason. Effectively executed, sponsorships can benefit both sponsor and organization. But if your nonprofit is not
During the course of your career, you may have managed to build up a tidy nest egg, most likely augmented by tax-favored saving devices. For
An annual bonus plan can be a great way to attract, retain and motivate employees. If the plan is designed carefully, the taxpayer can deduct
The idiom “one person’s trash is another person’s treasure,” rings true when dealing with collectibles – those seemingly innocuous objects for which people will pay
Businesses, payroll departments, human resource organizations and taxpayers may fall victim to ransomware attacks. A recent Colorado Springs Business Journal article shared one local company’s
Donors and other stakeholders continue to look for more accountability and transparency from nonprofits, especially regarding fundraising. Not only is the sum of money raised
November 9 was a busy day in Washington for lawmakers in their race to create a tax reform package. The House Ways and Means Committee
It is a small business world after all. With the ease and popularity of e-commerce, as well as the incredible efficiency of many supply chains,
Among the taxes that are being considered for repeal as part of tax reform legislation is the estate tax. This tax applies to transfers of
