Preparation

The Impact of Qualified Business Income to the Valuation of a Pass-Through Entity

By |2018-07-16T10:52:23+00:00July 11th, 2018|Business Valuation, Change, Preparation, Saving, TAX, Tax Planning, Tax Reform|

Jeremy Green, MBA, CPA, ABV, CFE, CFCI, Senior Forensic & Valuation Associate at TDT, provides insight on the impact of business valuations of pass-through companies from qualified business income. Jeremy specializes in business valuations, forensic accounting and litigation support engagements, succession planning, and management consultation services. Unlike “C” Corporations, who are taxed on their earned income [...]

Performance Measurement: Savings Indicator Rate

By |2018-06-19T08:11:38+00:00April 17th, 2018|Budget, Goals, Nonprofit, Performance Measurement, Preparation, Saving, Tips|

This week's segment of the Nonprofit Performance Measurement video series, Amanda Lane, CPA, provides guidance on how to measure the savings indicator rate.

Estate Tax Closing Letter Requirements

By |2018-04-17T10:30:43+00:00March 20th, 2018|Estate Planning, IRS, Preparation|

Prior to June of 2015 the IRS issued an estate tax closing letter for every estate tax return filed. This letter included the amount of net estate tax, the state death tax credit, and any generation skipping tax liability. On June 1, 2015 the IRS began to issue estate tax closing letters only to those [...]

Medicaid Planning for Long-Term Care

By |2018-02-09T11:02:20+00:00February 9th, 2018|Estate Planning, Long-Term Care, Medicare, Preparation|

Imagine you worked your entire life to pay off your mortgage and build a retirement fund and then your health failed to the extent that you needed to relocate to a nursing home. Due to lack of other programs and the costs, Medicaid has become the Long-Term Care planning tool for the middle class. Medicare [...]

Internal Controls for Small Organizations

By |2018-02-09T11:02:32+00:00February 9th, 2018|Board, Nonprofit, Preparation|

Why Internal Controls are Important A survey conducted by the Association of Certified Fraud Examiners estimates that all organizations lose an average of between five and six percent of their revenue to fraud every year.[i]  Applying this percentage to the nonprofit sector would suggest that the fraud loss may reach approximately $40 billion each year.[ii] [...]

Tax Reform: What’s in it and How Will it Affect You?

By |2018-02-27T14:19:54+00:00February 9th, 2018|Change, Deductions, Preparation, TAX, Tax Reform|

On December 20th, 2017 Congress passed a sweeping overhaul of our tax code. The ‘Tax Cuts and Jobs Act’ revises a significant portion of tax law that affects almost all taxpayers in some way. Below is a listing of a few significant tax provisions that will change. Please note that most of these changes take [...]