As 2019 gets closer, businesses and nonprofits across the country are struggling to understand how to calculate how new parking expense rules will impact their tax liability. The changes to parking expense deductibility and the unrelated business income tax for nonprofits are part of the changes under the Tax Cuts and Jobs Act (TCJA).
If you have incurred at least $20,000 in undergraduate and/or graduate student loan debt, you may be eligible for a Maryland tax credit.
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When the Tax Cuts and Jobs Act (TCJA) was passed in late 2017, nonprofits across the country had one big question – how does this affect us as an organization? Here is a quick overview of the four key changes that nonprofits should look out for under the TCJA.
The demand for business valuations is growing, in large part due to aging Baby Boomers planning for retirement and gifting their business interests, selling outright, or passing away. Other owners are looking to sell out due to economic conditions whether good or bad.
A conflict of interest policy is important for any business, but has greater significance for nonprofit organizations. A good conflict of interest policy helps a nonprofit organization protect its reputation AND its tax-exempt status.