2021 Year End Tax Planning Update

…Not only do you get the charitable deduction, you also avoid recognition of the gain you would realize if you sold the stock and gave cash instead. Note: a $300…

Tax Provisions of the Biden 2023 Budget Proposals

…proposal would allow a $5 million per donor exclusion from recognition under this tax. This proposal is effective for transfers after December 31, 2022. Tax Carried (Profits) Interests as Ordinary…

Keiter’s 2023 Not-for-Profit Update

…beginning in 2023. The recognition of credit losses has been accelerated. Most impactful to financial institutions but requires consideration for every organization that has trade receivables or issues credit to…

New Overtime Rules: Planning Tips for Employers

…Allows employers to use non-discretionary bonuses and incentive payments (including commissions) paid at least annually to satisfy up to 10% of the standard salary level, in recognition of evolving pay…