Nonprofits can run into issues when they accept advertising or sponsorship dollars if they don’t know the rules of unrelated business income tax. Knowing the difference between the two scenarios can help to minimize or manage tax liability.
As a government contractor, understanding your obligations under the Service Contract Act (SCA) is essential. In this blog post, we will provide you with an overview of the SCA, including its requirements and challenges when implementing the standard. We will also discuss how compliance can be achieved and the risks associated with noncompliance.
With so many questions remaining five years after Wayfair, sales and use tax nexus planning remains critically important.
The rules for deducting meal and entertainment expenses are different in 2023. Browse an overview of common deductible expenses in this article.
The FTC recently issued a consumer alert on the five most troubling myths about investing in a new franchise. Potential franchise investors should consider these myths when evaluating potential investments.
Most conversations around lease accounting changes have been about GAAP compliance, so less is known about the tax impact of ASC 842. There are many considerations, and extra calculations may be needed to reconcile the tax and book impact of leases.
A summary of state and local income tax updates enacted during the quarter ending June 30, 2023, which may impact current and deferred tax provisions
Final IRS regulations will require most social clubs and tax-exempt organizations to rework their unrelated business taxable income worksheets to avoid using an outdated expense allocation method.
After you retire, your pension plan typically offers you at least two alternatives: a consistent income stream or a one-time lump-sum payment. Which alternative suits your circumstances the best?
Tax-exempt entities may monetize credits under the Inflation Reduction Act under these rules that the IRS released.
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