Nonprofit Blog

[[{"type":"media","view_mode":"media_large","fid":"2501","attributes":{"alt":"","class":"media-image","height":"167","style":"float: right; margin: 5px;","typeof":"foaf:Image","width":"250"}}]]Are you trying to decide whether to pursue a career in Tax or Audit, but neither one seems to be quite right for you? I was in the same position when I heard about a third option – Accounting and Advisory Services! What is it? Great question – keep reading to find out…

For the first time in eight years, the Republican Party holds both houses of Congress and the Presidency.

“I’m taking a sick day!” This familiar refrain usually is uttered with just cause, but not always. What if there were no sick days? No, we’re not suggesting employees be forced to work when they’re under the weather. Rather, many businesses are adopting a different paradigm when it comes to paid time off (PTO).[[{"type":"media","view_mode":"media_large","fid":"2491","attributes":{"alt":"","class":"media-image","height":"250","style":"float: right; margin: 10px;","typeof":"foaf:Image","width":"480"}}]]

Your company probably offers its employees a retirement plan. If so, can you identify all of your plan fiduciaries? From a risk management perspective, it’s critical for business owners to know who has fiduciary status — and the associated liability. Here are some common, though in some cases overlooked, plan fiduciaries:

Business owners get to make executive decisions. It’s one of the perks of the job. But acting unilaterally when buying business software can be a risky move. Because new technology affects the entire team, the entire team (or at least key members) should have input on the choice. And while it may be impossible to please everyone, it’s possible to come close.

On Monday, December 12, 2016 the Supreme Court refused to hear a case challenging a Colorado law that requires online retailers without a physical presence in the state to turn over customer purchase data to state tax officials. While the Colorado law spurred the case, the ramifications of the Supreme Court’s refusal to hear the challenge will affect individuals and businesses in states across the U.S.

The holiday season always seems to open people’s hearts (and wallets). Giving to a charity is not only generous and needed, but can bring significant tax deductions. Charitable giving is known as one of the most flexible tax planning tools because your choice of recipients is vast and you can give at any time of the year (although deductions are based on IRS deadlines). To take a charitable donation deduction, the gift must be made by Dec. 31, 2016. Don’t give and go. As a donor, make sure you are taking advantage of the available tax planning strategies.

The Internal Revenue Services has issued the 2017 optional standard mileage rates which are used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning January 1, 2017 the standard mileage rates for the use of a car, van, pickup or panel truck will be:

Atlanta’s landscape is more vibrant than ever. As new developments emerge, historic buildings are often tossed aside for new, modern style architecture. This trend is not limited to Atlanta; it is happening across the state to varying degrees. That said, Georgia preservationists are raising awareness about the state’s historic and cultural developments in hopes to preserve endangered historic properties and the State is doing its part to make preservation more appealing from an economic standpoint.

Earlier this week, the Senate passed legislation that will eliminate IRS penalties on employers who reimburse employees for the cost of health insurance premiums. Included in a wide-ranging package of healthcare legislation called the 21st Century Cures Act, this element negates the ability of the IRS to penalize businesses that elect to help employees with the cost of health insurance premiums by reimbursing them directly. Those penalties, which the IRS had begun levying in 2015, meant that employers who violated the rule could be fined up to $100 per day for each employee, or up to $36,500 a year - 18 times more than the penalty imposed on larger employers that don’t offer insurance to workers.