News & Updates \ View All
By Carolyn C. Quill, CPA Two major pieces of tax reform legislation, the Patient Protection & Affordable Care Act and the American Taxpayer Relief Act of 2012 (the Acts), went into effect in 2013. As a result of these Acts, S corporations are now a better choice for many active closely held business owners, since S corporations provide business owners with a unique opportunity to lessen their tax burdens not available to other types of entities. Accordingly, now is the right time to revisit your choice of entity as well as reviewing your tax planning opportunities.
Featured Articles \ View All
We have been closely following the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) in their deliberations since the Original Exposure Draft was issued in August 2010. We wanted to share the attached White Paper prepared by CBRE, Inc., a real estate brokerage and advisory firm, that effective summarizes frequently asked questions on the proposed changes.
We often squander valuable resources. A Treasurer is a precious resource and we need to make sure we maximize the potential of that resource. Universally, nonprofit organizations indirectly undermine the benefits that can come from an interactive treasurer relationship. Why does this happen? Simply, nonprofit organizations just have too many barriers in place. Some of these barriers come from poorly designed governance policies and practices. But many of these barriers come from human nature itself. We need to work smarter when it comes to effectively integrating our treasurers into the fabric of our financial management systems. The results will be beneficial and fulfilling.
= Requires Registration