…serving the manufacturing, real estate, construction, and financial services industries, as well as not-for-profit entities. Our manufacturing industry team partners with over 50 local and national manufacturing clients to provide…
…approved Neighborhood Assistance Program (NAP) non-profit organization. This is a non-refundable credit equivalent to up to 65% of the donations’ value. The donation must be at least $500 per tax…
…3. Pass-Through Deductions A new provision introduced under the TCJA is the concept of “qualified business income” (QBI). Under Section 199A of the Internal Revenue Code, QBI refers to profit…
Update On August 28, 2020, the Internal Revenue Service released Notice 2020-65 to provide guidance for employers who decide to participate in deferral of withholding and deposit of the 6.2…
…revenue recognition. Effectively the entity recognizes revenue for the uninstalled materials equal to the costs to procure (i.e. at a zero profit). Conclusion As planning for and implementing the new…
ERS Provides Donors with More Access to Nonprofit Information Charity Navigator, the world’s largest independent and most-used evaluator of nonprofit organizations, has rolled out its new Encompass Rating System (“ERS”)….
…can continue to contribute positively to societal issues without compromising their foundational mission or tax-exempt benefits. Questions on this or other nonprofit compliance matters? Contact your Keiter Nonprofit Opportunity Advisor….
$3M Central Virginia COVID-19 Response Fund launched to support local not-for-profits The Community Foundation for a greater Richmond launched the Central Virginia COVID-19 Response Fund alongside the Emergency Management Alliance…
…not-for-profit tax team is available to help navigate tax law for your organization. Questions? Contact your Keiter Opportunity Advisor. Source Retail Sales and Use Tax Exemptions for Nonprofit Organizations …
…4, 2023. The comments received are expected to inform the final changes, which are expected to be published in 2024. The Keiter Not-for-Profit team will continue to monitor the Federal…
The Accelerating Charitable Efforts Act Senate Bill could require more forethought and planning of use of future funds to be donated to Donor Advised Funds In June 2021, The Accelerating…
…500, financial institutions, non-profit organizations, and government agencies. He has extensive experience analyzing the security of networks and identifying solutions to vulnerabilities. Jon acts as the Lead Information Technology Forensics…