The company auto is still a valued fringe benefit. Part II of this article focuses on the rules for personal use valuation, recordkeeping requirements, and business auto deductions for the employer.
The expectations and underrated role of a board treasurer for a nonprofit organization vary widely. The treasurer of a nonprofit is usually appointed by the members of that organization’s board, and the position requires financial expertise as well as dedication, time and patience.
One of the best ways to protect an organization from fraud is by staying proactive when determining risk areas and properly addressing these areas to limit opportunities for fraud. The fraud triangle suggests that 3 key elements are required for an individual to commit fraud.
On July 26, 2019, North Carolina Governor Roy Cooper signed legislation making various technical, clarifying, and administrative changes to sales and use tax laws. Click here for a summary of these recent changes.
For years, many small to medium-sized companies have considered company-owned autos to be a “popular perk” or fringe benefit. Having a company-owned auto yields many non-tax as well as tax benefits for the company and the employee.
Annually, nonprofits must file the appropriate type of Form 990 tax return. What would a potential donor think if they read the organization’s tax return online through sites such as www.guidestar.org?
After almost twenty-five years, change has come to the financial statements for nonprofit organizations! The Financial Accounting Standards Board has issued ASU 2016-14, Not-for-Profit Entities (Topic 958).
Corporations, S Corporations, partnerships (including limited liability companies) and sole proprietorships all have some impactful implications from the Tax Cuts and Jobs Acts (TCJA).
To list or not to list? Seems like a simple enough question. Should software be included in your annual business personal property tax listing? Read this article to find out.
The internal Revenue Service (IRS) requires 501(c)3 nonprofit organizations to have certain documents available to the public, and these documents must be provided upon request.
