Assisting your Board in Becoming More Efficient and Effective
Being a member of a Board of Directors for a non-profit requires commitment and passion for the mission of the organization. Board members are often on multiple Boards at the same time, so providing useful information and clear objectives will enable Board members to...
Deducting Business Losses for Pass-Through Entities
It’s not uncommon for businesses to sometimes generate tax losses. But the tax law limits deductible losses in some situations. And the Tax Cuts and Jobs Act (TCJA) further restricts the amount of losses that sole proprietors, partners, S corporation shareholders and,...
Innocent Spouse Rules Offer Protection Under Some Circumstances
Must one spouse pay the tax resulting from a fabrication or omission by another spouse on a jointly filed tax return? It depends. If the spouse qualifies, he or she may be able to avoid personal tax liability under the “innocent spouse” rules. Joint Filing Status...
Faster ACH Payments Coming This Year
In February 2019, QuickBooks Online rolled out next day ACH (bank transfer) payments. You will no longer have to wait two to five days for your money just because someone chooses “debit” instead of “credit.” Earlier access to your money makes...