Monthly Archives: March 2019

4 Takes On Succession Planning-Part 1

By |2019-11-14T15:32:57-06:00March 27th, 2019|Advisory, Change, Internal Control, Morale, Preparation, Succession Planning|

Our friend, Rena Striegel, owner of Transition Point Business Advisors, is focused on the human and emotional aspects that often cause hurdles and setbacks if not dealt with. Here’s a little bit about Rena and what she shared with us about her role in succession planning. Rena Striegel is an internationally recognized business coach and [...]

Standard Deduction vs. Itemized Deduction for Charitable Contributions

By |2019-03-29T13:10:20-05:00March 20th, 2019|Accounting, Advisory, Deductions, Donation, Saving, Tax, Tax Reform|

The benefits of charitable contributions may be eliminated for some taxpayers. The Tax Cuts and Jobs Act (TCJA) doubled the standard deduction, meaning more taxpayers may find themselves in a better tax position by choosing the standard deduction over itemizing. Since charitable contributions are itemized, this is leaving many to wonder, “Will I still receive [...]

Can I Use My Endowment As Collateral?

By |2019-04-01T13:30:06-05:00March 13th, 2019|Assurance, Board, Budget, Cash Flow, Gifts, Nonprofit|

Organizations looking to expand their programs sometimes need to obtain bank financing for large projects such as the acquisition of a building. Depending upon the financing received, collateral is often a necessary piece of closing the deal. For organizations with large endowments, the question may come up as to whether the organization may use the [...]

Is That IRS Call Legitimate? 5 Tips for Catching Tax Scams

By |2019-12-03T08:45:46-06:00March 6th, 2019|Advisory, Fraud, IRS, IT, Tax, Tips|

Millions of dollars and personal information from thousands of people are lost every year due to tax scams. There is an old saying that there are two things that are certain in life: death and taxes. It seems you can add a third: tax scams. There are some new and updated scams for 2019: New [...]