…sector. Determining the transaction price When determining the transaction price, contractors not only have to take into consideration the agreed upon value of the agreement between them and their customers,…
…mechanics of the reporting to be determined by the Secretary of the Treasury. DAF Sponsoring Organization Tax Considerations ACE also targets the sponsoring organizations with the responsibility to monitor and…
…per mile), military moving purposes (21 cents per mile), and charitable purposes (14 cents per mile) remained unchanged for 2025. Taxpayer mileage rate considerations The use of the standard mileage…
…known as in-kind contributions – play a vital role in furthering nonprofit missions. These gifts can take many forms, each offering unique benefits and considerations for both donors and recipient…
…coordinate with your Keiter tax advisor to review further the provisions and related considerations that may apply to your situation and possible planning actions required to benefit from the provisions….
Are your internal controls still working as intended in a remote environment? As remote work continues to redefine the workplace, it is imperative for organizations to place emphasis on the…
How independent sponsors are changing business sales The rise of independent sponsors or “fundless sponsors” is one Sellers must pay attention to as the market continues to become more competitive…
Maximize your tax planning with a bargain sale to a nonprofit organization If you are interested in selling a valuable property but want another option to reduce your tax obligation,…
…factors upon receipt of gifts-in-kind. ASU 2020-07 only serves to add these considerations into the entity’s financial statements. New ASU Due Dates for NonProfits The amendments in this update are…
…scope considerations, and compliance conditions. Choose and document a policy: for asset‑related grants (deferred income versus cost accumulation) and apply it consistently; re‑evaluate prior analogies (e.g., IAS 20) in light…
…Charitable Contributions Tax Considerations: 2021 vs. 2022 Throughout 2021, there has been much discussion about Congress and President Biden’s plans to increase tax rates for those individuals with taxable income…
…reporting requirements, and regulatory considerations. Having a well-documented and defensible appraisal is critical to minimizing risk, ensuring compliance, and achieving strategic financial objectives. The following overview provides business owners and…