Lynda Doland explains how taxpayers older than 70 ½ can still benefit from donations to charity even if they can no longer itemize.
The number of taxpayers who will itemize starting with 2018 is estimated to drop by 50% due to the changes made by the Tax Cuts and Jobs Act (TCJA; P.L. 115-97, 12/22/2017). Taxpayers who are 70½ or older can still benefit from charitable contributions, even if they don’t itemize, by using qualified charitable distributions (QCD).
How it works:
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Beth Friswold, CPA, CFE shares what to expect with the new revenue recognition policies.
If you are a privately held company or not-for-profit organization, coming January 1, 2019, your company will need to determine if you are in compliance with Generally Accepted Accounting Principles (GAAP).
The Financial Accounting Standards Board (FASB) has redefined the requirements to recognize revenue. The new standards include a 5-step process that takes a deeper look into Read More >>
We have great news to share and our continued growth is a wonderful sign of our progress as an organization. We continually add members to our team, and also promote members internally, to allow us to build the strongest and most effective team possible. We are excited to announce a few recent changes that will help us continue to grow and successfully service our clients and businesses in Northeast Ohio.
Effective 7/1/18, we have 12 team members who have been promoted! Cong Read More >>