February 20, 2015 3:17 pm
Published by Amy Bucklin
February 20, 2015 - For many years, employers were able to directly pay for, or reimburse employees for, the premiums of health insurance policies purchased by an employee without the employee being taxed. This favorable treatment changed effective January 1, 2014. Employers offering premium reimbursement plans are not complying with the Affordable Care Act (ACA), and may be subject to substantial penalties.
December 2, 2014 9:45 am
Published by Amy Bucklin
The governing boards of many higher education institutions are not aware of the information being reported on Form 990-series returns.
November 11, 2014 6:07 pm
Published by Amy Bucklin
There are several reasons why a church may perform an internal audit. Whatever leads to an internal audit at a church, however, it’s important to perform it at the right time and through the right process. This article explains who and what an internal audit should involve, when to perform one, and how to report the results.
October 30, 2014 11:46 am
Published by Amy Bucklin
The 2014 edition of our annual higher education survey includes data and insight on the tax reporting implications for traveling performance music groups, hiring nonresident alien students, overseas activities, displaying art on campus, and more.
September 10, 2014 9:45 am
Published by Amy Bucklin
Rather than thinking of ants and locusts as pests, what if we viewed them as little creatures we can learn and unearth big organizational truths from? After all, Proverbs 30:24 describes ants and locusts as “exceedingly wise.”
August 15, 2014 8:00 am
Published by Amy Bucklin
Why your nonprofit organization needs a gift acceptance policy.
August 14, 2014 8:00 am
Published by Amy Bucklin
Learn what counts as de minimis fringe benefits to employees and how to handle them from a tax standpoint.
August 13, 2014 11:51 am
Published by Amy Bucklin
Learn when a nonprofit should provide a receipt or acknowledgement to a donor, and what that should entail.
August 12, 2014 11:55 am
Published by Amy Bucklin
A taxpayer donates a used van to a 501(c)(3) public charity. Does the charity need to file a Form 1098-C for the van and send a copy to the donor?
August 11, 2014 1:12 pm
Published by Amy Bucklin
Incidental costs, such as engraving on jewelry, or packaging, insuring, and mailing, are generally not included in determining the cost of a business gift for purposes of the $25 limit.
