posts tagged as IRS


By Restaurant Practice Leaders | June 05, 2019

First-Time 401(K) Plan Audits: What to Expect

For restaurants starting a 401(k) plan to better attract and retain talent, one of the most significant mandates they should be familiar with is the audit requirement. In the second installment of our Employee Benefits blog series, we... read more


By Kari Maue | April 22, 2019

Starting a 401(K) Plan: What You Need to Know

Faced with a tight labor market, many restaurants are looking into offering defined contribution plans as a way to attract and retain talent. read more


By Restaurant Practice Leaders | April 08, 2019

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. read more


By Restaurant Practice Leaders | March 05, 2019

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 restaurants that made renovations and improvements during 2018. ... read more


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... read more


By Michael Conover | October 10, 2018

Pay Data for ‘Similarly Qualified Persons in Comparable Positions at Similarly Situated Organizations’ —"We’ve got that don’t we?”

Finding and using good data to make critical executive compensation decisions at your nonprofit requires a thoughtful examination of your organization and its positions. Learn how your organization can identify and leverage good... read more


By Nonprofit Practice Leaders | September 14, 2018

Nonprofits' New Commuter Headache: Tax on Transportation Benefits

Does your tax-exempt organization provide transportation and parking benefits to employees? If so, you may have another commuter headache: a new tax. Under the tax reform law, many nonprofits that provide transportation and parking... read more


By Marc Berger | July 27, 2018

Significant Rule Change for Tax-Exempt Organizations Reporting Donor Information

New IRS guidelines eliminate the need for certain tax-exempt organizations to report donor information in their annual tax filings. The move is designed to reduce compliance costs for organizations and the IRS, and to keep donor... read more


By Nonprofit Practice Leaders | July 18, 2018

IRS Guidance Removes Obstacle to Restructuring Tax-Exempt Organizations

New guidance from the IRS makes it easier for many nonprofits to restructure or enter a merger, while retaining their tax-exempt status. The Nonprofit Standard blog explains what’s changed. read more


By Nonprofit Practice Leaders | March 29, 2018

Six Tax Reform Issues Impacting Nonprofit Organizations

The new tax law profoundly impacts tax-exempt organizations. What are the top six tax reform-related issues nonprofits will need to address? Find out in BDO’s latest Nonprofit Standard blog post. read more