During the pandemic, the implications for nonprofit funding, including those that rely heavily on state assistance and individual and business donations, are obvious.
5 Steps Nonprofits can take to Survive Tough Economic Times
Month: July 2020
The Basics of Partnership Taxation
Unlike regular corporations, partnerships aren’t subject to income tax. Instead, each partner is taxed on the partnership’s earnings
CARES Act Provisions May Boost Cash Flow for Construction Companies
The CARES Act includes several provisions that can help boost cash flow for construction companies (and other businesses) as well as reduce their tax bills.
Bartering for Goods and Services is a Taxable Transaction
During the COVID-19 pandemic, many small businesses may find bartering for goods and services instead of paying cash is beneficial for them.
Partnerships: Are you Ready for the New Centralized Audit Rules?
If your business is a partnership, including a limited liability company taxed as a partnership, it’s critical to consider the potential impact of centralized audit rules that …
IRS Introduces Form 1099-NEC for Nonemployee Compensation
Beginning with tax year 2020, payers must complete Form 1099-NEC, Nonemployee Compensation, to report any payment of $600 or more to a payee.
Landmark CPAs Manager Chase Haynes Selected for Prestigious National Leadership Academy
Chase D. Haynes, CPA, CFE, was one of only 30 CPAs honored by the American Institute of CPAs (AICPA) as a member of the Leadership Academy’s 12th graduating class.
How the SECURE Act Could Affect Retirement Planning
The Setting Every Community Up for Retirement Enhancement (SECURE) Act will make it easier to save money for a financially secure retirement.
What is the Trust Fund Recovery Penalty? Am I at Risk?
If you own or manage a business with employees, you may be at risk for a severe tax penalty called the “Trust Fund Recovery Penalty.”
Landmark CPAs Names New Members and Directors
Landmark CPAs is pleased to announce the promotion of Michael Pierce, Nathan Poston and Greg Walker to members, effective July 1, 2020.