posts tagged as Tax
Special Alert: Congress Repeals Onerous “Parking Tax”
New federal funding legislation cleared Congress and the White House, repealing a provision from the 2017 Tax Cuts and Jobs Act commonly known to nonprofits as the “parking tax.” Is your tax-exempt organization entitled to a refund?
One Year After Wayfair: What Nonprofits Need to Know
It’s been over a year since the Supreme Court announced the landmark decision South Dakota v. Wayfair, opening the door for states to require organizations to collect and remit sales tax even if the organization has no in-state physical...
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A Primer on the New Excise Tax on Nonprofit Compensation
Tax reform introduced a significant tax on certain types of nonprofit compensation. Learn the details, including who owes the taxes, which employees are covered, and what board members and other stakeholders should do to minimize liability.
Minimizing Tax Liability without QIP Guidance
Lack of clarity around the tax treatment of Qualified Improvement Property (QIP) under the Tax Cuts and Jobs Act (TCJA) may result in higher than expected tax bills for retailers that made renovations and improvements during 2018...
An Opportunity Zones Guide for Restaurants
Restaurants built in Opportunity Zones can help vitalize underserved communities and attract local talent while offering its owners a highly valued tax incentive. But what should potential investors keep in mind when evaluating the...
Retailers Will Feel Shutdown Impact For Many Months
Even as a short-term solution unfolds, the impact of the record-long government shutdown will likely be felt by the retail industry throughout the first half of the year. Diminishing consumer confidence, potential tax refund delays, and...
By Katherine Gauntt | January 17, 2019
Impact of the Wayfair Supreme Court Decision on Nonprofits
Do you know all the ways the Supreme Court’s decision in South Dakota v. Wayfair could impact your nonprofit organization? Whether or not your organization offers goods and services, all organizations could now face extra costs to comply...