COVID Related Capital Expenditure Opportunites July 27, 2020 The COVID-19 crisis currently coloring all aspects of our lives has even led to considerations related to the tax deductibility of fixed asset transactions. Here are some planning opportunities to consider that can provide businesses with financial benefit. The [...]
MW&A Newsletter Click here to read the July 2020 newsletter, with articles about midyear tax planning, payroll taxes, negotiation tips and more.
Click here to read the June MW&A newsletter
Beware: Coronavirus may affect financial reporting March 19, 2020 The coronavirus (COVID-19) outbreak — officially a pandemic as of March 11 — has prompted global health concerns. But you also may be worried about how it will affect your business and its financial statements for 2019 and beyond. Close [...]
Protect your nonprofit from occupational fraud threats September 17, 2019 - Not-for-profit organizations don’t lose as much to occupational fraud as for-profit businesses do. According to the Association of Certified Fraud Examiners’ (ACFE’s) 2018 Report to the Nations, nonprofits lost a median amount of $75,000 during the [...]
Associations: Avoid certain activities to preserve tax-exempt status July 22, 2019 Nonprofit trade associations, or 501(c)(6) organizations, exist to promote their members’ common interests and improve business conditions or “one or more lines of interest.” Whether the association is a local chamber of commerce, a real estate [...]
Employee vs. independent contractor: How should you handle worker classification? June 7, 2019 - Many employers prefer to classify workers as independent contractors to lower costs, even if it means having less control over a worker’s day-to-day activities. But the government is on the lookout for businesses [...]
Holding on to your nonprofit’s exempt status April 11, 2019 - If you think that, once your not-for-profit receives its official tax-exempt status from the IRS, you don’t have to revisit it again, think again. Whether your organization is a Section 501(c)(3), Sec. 501(c)(7) or other type, [...]