When it comes to revenue, nonprofits need to think like auditors
Auditors examining a not-for-profit’s financial statements spend considerable time on the revenue...
What you can deduct when volunteering
Because donations to charity of cash or property generally are tax deductible (if you itemize), it...
How to avoid getting hit with payroll tax penalties
For small businesses, managing payroll can be one of the most arduous tasks. Adding to the burden...
Home green home: Save tax by saving energy
“Going green” at home — whether it’s your principal residence or a second home — can reduce your...
Sales Tax Rules for Out-of-State Online Business Sales
You’ve probably heard about the recent U.S. Supreme Court decision allowing state and local...
HB 487 – Sales Tax Impact on Nonprofits
Section 36 of House Bill 487, which goes into effect July 1, contains language that imposes sales...
Are you going to have to start charging sales tax on your online sales?
Last Thursday, June 21, 2018, the U.S. Supreme Court overturned their previous ruling requiring...
Choosing the best business entity structure post-TCJA
For tax years beginning in 2018 and beyond, the Tax Cuts and Jobs Act (TCJA) created a flat 21%...
Kentucky Tax Reform Expands Sales and Use Tax Base
The recently passed House Bill 366 doesn’t tax the sale of all services, but it is a big step in...
Tax Benefits of Investing in Qualified Small Business Stock
While the Tax Cuts and Jobs Act (TCJA) reduced most ordinary-income tax rates for individuals, it...