Do you provide free parking for your employees? Thanks to a change made by the Tax Cuts and Jobs Act (TCJA), this may no longer be tax free. Essentially, the TCJA amended Section 274(a)(4) to provide that expenses paid or incurred by employers to provide employee parking are (generally) no longer deductible by for-profit companies.
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As you may know, the accounting profession has adopted new standards for audits that have materially increased the cost of all audits for years ending after December 15, 2007. These new audit standards are mandatory and have caused the cost of audits to increase 15% – 20% – 30% or more because of the additional
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As advisors to nonprofit organizations ALSD often encourages them to strengthen their boards by adding qualified businesspeople. But for the businesspeople themselves – what to expect? Author Gayle Gifford has been helping our clients for years. For Gayle, “nonprofits are a commitment to our society to create a more just and peaceful world of hope,
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Q: I file the IRS 990 information return for my non-profit. Why does it ask me if my organization offers indoor tanning services? –Sunshine on my Mind, Anchorage A: It’s Obamacare, silly. Section 10907 of the Affordable Care Act imposes a 10% penalty on indoor tanning services offered by for-profits or non-profits. (You didn’t notice all the
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