Jun 26

Impact of Last Minute Tax Changes Unknown

On December 16th, the Senate Passed, H.R. 5771, The Tax Increase Prevention Act of 2014, a $42 billion dollar tax package and sent it to President Obama for signature (the Bill was signed into law on December 19th).  This bill contains over 150 provisions, many of which would extend tax breaks that expired in 2013 […]

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Jun 26

Yes, HOA, You Must File a Tax Return

There are over 330,000 community associations in the United States.  These associations regulate over 26 million households and over 68 million residents.  Over ninety-five percent of these associations are homeowner associations whose members own either a residence or a condominium.  Homeowner Associations are a fact of modern living.  They span the country and come in […]

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Jun 26

The Season of Giving

Thanksgiving weekend is coming to an end.  As we finish the leftover stuffing, un-bandage our black-Friday bruises, and begin decorating for Christmas, let’s keep the spirit of the season alive and remember those whose holiday experience may be less than… well, merry.  Helping others elevates your spirit.  It may also lower your taxes.  Today, I […]

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Jun 26

Importance Of Cash Control

Cash is a vital component of any profit-generating organization. An organization’s assets generate revenue, which in turn generates cash inflows. These cash inflows are used for several purposes: to pay creditors, compensate employees, reward shareholders, provide asset replacement, and provide for growth. Cash is unique because it’s the single asset that is readily convertible into […]

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Jun 26

Common Problems Faced By Event Organizers: What Is the Solution?

Event organizers are facing a lot of problems these days. Before the emergence of the internet, people had no concept of social media platforms or online promotion of events and activities. However, with the internet and the rapid popularity of social media tools, enterprises are now facing a tough challenge merging traditional marketing strategies with […]

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Jun 26

Taxation of Minister’s Income

Preparing a minister’s tax return can prove a challenge for everyone involved: The minister who must keep records, the church secretary who prepares the W2 forms, the church leaders who determines minister compensation, and the tax professional who prepares the return and advises for the future. My goal in this column is to help ministers […]

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