When a private foundation files its annual Form 990-PF, it includes supplementary information to support the Part I, line 25, column (d) amount of “contributions, gifts, grants paid.”
By 2025, the crowdfunding industry is expected to grow to more than $300 billion. In a nutshell, crowdfunding is raising money through many relatively small donations during a set period of time, typically for a specific campaign or goal, through an online platform.
Many Employee Stock Ownership Plan (ESOP) sponsors are presented with the challenge of maintaining an ESOP over the long-term.
Digitization, artificial intelligence and cloud-based systems herald a workplace revolution as temporary professionals come to the rescue.
Harry’s, Halo Top, Justins, e.l.f. Cosmetics, KeVita – just to name a few. These are smaller brands that have carved out a nice niche for themselves. Just in case you haven’t noticed, insurgent brands have been gaining market share at a fast pace and have proven to be successful investments.
The recording of most transactions by not-for-profit organizations, as prescribed by Generally Accepted Accounting Principles in the United States (U.S. GAAP) and contained as codifications within the FASB Accounting Standards Codification, is based on clearly defined, objective, and measurable valuations.
Opportunity Knocks as Treasury Issues Proposed Income Tax Regulations on Qualified Opportunity Zone Funds
The Internal Revenue Service recently issued long awaited proposed regulations along with Revenue Ruling 2018-29 answering many, but not all, of the key unresolved points surrounding investing in qualified opportunity zone funds (QOZFs).
The EU’s new General Data Protection Regulation, known as GDPR, requires businesses to capture and manage customer data in entirely new and complex ways. It requires that they interact with clients according to very specific and time-consuming requirements and are sensitive to their privacy rights and freedoms. Regardless of where they are headquartered, organizations with EU-based customers or prospects may have to comply.
As cybersecurity attacks continue to dominate today’s headlines, it was only a matter of time before increased compliance on consumer data protection became a necessity for institutions of higher education.
As the year comes to a close for some private foundations, there are a number of tax planning tools and year-end measures that we have compiled to help mitigate any excise tax on net investment income and prevent some common pitfalls that could result in other types of excise taxes.