Nonprofit Organizations: Accounting for Interest-Free Loans
Nonprofit organizations often receive loans that are interest free. Because these are not normally obtainable through…
Can a Woman Who Lacks Experience Control a Small Business Concern?
The Small Business Administration (SBA) recently said “no,” overturning a set-aside award to a woman-owned small…
Junk Food Good, Nutritious Meals Bad?
The Tax Cuts and Jobs Act (TCJA) made significant changes to a company’s ability to deduct…
Maximizing Tax Benefits from Charitable Contributions after Tax Reform, Part II
The Tax Cuts and Jobs Act of 2017 (TCJA) eliminated or impacted many aspects of individual…
Maryland Comptroller Clarifies GILTI Treatment
On April 17, 2019, the Comptroller of Maryland issued a Tax Alert to provide guidance to…
The Future of GSA: A Story of Transformation, Part One
The General Services Administration (GSA) recently made an important announcement about its schedules program and provided…
Social Security “No Match” Letters Are Back and Shouldn’t Be Taken Lightly
In March 2019, the Social Security Administration (SSA) announced that it will begin to notify employers…
Artificial Intelligence to Help Resource-Strapped IRS More Efficiently Identify Tax Crimes
Tax criminals beware: like the hosts in Westworld, the Internal Revenue Service (IRS) is becoming sentient!…
Donations of Food Inventory Equals Sizeable Charitable Deductions for Restaurants
Restaurants that donate food inventory to charitable organizations could have the opportunity to claim tax deductions…
Virginia is for Lovers—and Internet Sales Tax
Virginia became the latest jurisdiction to implement an economic nexus standard for sales and use tax…