Article Archives: 2020

9/22/2020: This article has been updated since its original publication to provide clarification on sellers’ ability to pass along the CAT to their customers.

Earlier this year,

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For many businesses, COVID-19’s fallout has resulted in temporary shutdowns, furloughed workers, renegotiation of bank loans, and cloudy, diminished revenue backlogs. Yet despite these obstacles, there’s a real opportunity for family business leaders to take advantage of a reduced company valuation.

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The Association of Certified Fraud Examiners estimates that fraud costs organizations, on average, 5% of their annual revenue. Globally, that’s more than $4.5 trillion lost each year. This is a huge problem for all manner of organizations,

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Many private foundations are already familiar with the tax assistance CPA firms can offer them. But the range of services available to private foundations extends far beyond just compiling the 990-PF.

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The whole economy is reeling from COVID-19, but few industries have been as impacted by the novel coronavirus as the nonprofit sector. Social distancing restrictions have forced some charities to shut down their programs or operations.

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This article was originally published on 7/26/2018 and has been updated to provide further clarity.

The Tax Cuts and Jobs Act (TCJA) has significantly changed the tax deduction mortgage interest rules.

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This article reflects the law prior to the passage of the Consolidated Appropriations Act (CAA) in December 2020. As such, certain sections may now be outdated. To learn more about the CAA updates,

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After a long wait, the IRS finally issued proposed regulations on the unrelated business taxable income (UBTI) “siloing” rules on April 24, 2020.

These rules, under section 512(a)(6) of the Internal Revenue Code,

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Community foundations are inherently complex due to the various types of funds they receive with different arrangements based on donor preferences and their status as a grantmaking organization. COVID-19 has only increased those challenges,

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In March 2020, in response to the ongoing COVID-19 crisis, Congress and President Trump passed and signed the $2 trillion economic stimulus bill known as the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).

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