Insights Center: 2025 Tax & Legislative Changes
Individuals, businesses and not-for-profit organizations are all affected by the new tax law – and we are ready to help. Start by staying informed; you’ll find our analyses of the new law’s many provisions here.
LEARN MORENo More Delays: Tax-Basis Capital Account Reporting Is Here
As the year 2020 comes to a close, partnerships should be prepared for some major adjustments regarding certain tax reporting requirements.
2021 Cost of Living Adjustments
Plan sponsors should review the cost of living adjustments (COLAs) to determine what, if any, changes need to be communicated to employees by means of orientation meetings and enrollment forms.
Employees vs. Independent Contractors: A Long-Standing Question of Continued Consequence
Whether an individual is properly classified as an employee or as an independent contractor has always been important, but never more critical than today.
The Double-Dipping Conundrum – Where We Stand Today
Since the Paycheck Protection Program (PPP) was first introduced, borrowers were advised that they cannot double-dip, or be reimbursed for the same expense twice.
NJ’s Newly Enacted Tax Laws and Other Developments Impact Businesses and Individuals
The State of New Jersey (NJ) was active making tax changes in late September/early October. NJ’s Governor Phil Murphy signed into law a budget impacting both individuals and corporations.
It’s That Time of Year
As we enter the last quarter of the year, now is the time for private foundations to review the current year’s tax planning and year-end strategies.
The Hospitality Industry – Where Do We Go from Here?
Owners and/or operators of hotels and restaurants are facing unprecedented times.
Cyber Roundup – October 2020
Our readers know that every industry is impacted by cybercrime. They also know that individuals, as well, are targeted. When these attacks seriously affect the well-being of our school kids and hospital patients ‒ as you will read in this edition ‒ we are all outraged.
Cybersecurity – Where Do We Go from Here?
As we move passed the six-month mark of being immersed in the global COVID-19 pandemic, it is important to reflect and appreciate where we have been to allow us to strategize and plan for where we need to go next.
Have You Reviewed Your Foundation’s Grant Agreements in Response to ASU 2018-08?
The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2018-08 which is intended to clarify and improve the scope and accounting guidance for contributions received and made, primarily for not-for-profit organizations.
FASB Issues Updated Guidance on Reporting for Gifts of Nonfinancial Assets
Recently, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2020-07, Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets.
Affordable Housing Organizations: 10 Reasons to Proactively Alert Your Auditors
Auditors are typically very good at uncovering potential financial issues or oversights that could put an affordable housing project in jeopardy.