BLS Insights

As the end of the year quickly approaches, the January 31, 2019, 1099-MISC filing requirement is on the horizon.

When the Tax Cuts and Jobs Act (TCJA) was signed into law in December 2017, it amended Section 274 and Section 512 of the Internal Revenue Code (Code) and opened the door for the potential of nonprofit organizations generating unrelated business taxable income (UBTI) due to the parking they provide to their employees.

The Tax Cuts and Jobs Act (TCJA) made several changes to the automobile provisions, which results in various increased benefits for business owners.

Tax planning is a year-round effort, but as the end of the year approaches and your income and deductions become more evident, it is a good time to take a final look at where you stand and what you can do to minimize your 2018 tax liability.

It’s never too early to think about tax planning and with new rules in force for 2018 (Tax Cuts and Jobs Act, the “Act,” or “TCJA”), NOW is a good … Continued

The 2018 Report to the Nations shows there has been an increase in the per-incident losses among nonprofits over the past two years. According to the 2016, report religious, charitable, … Continued

Unfortunately, there is no shortage of fraudulent schemes to scam you out of your money or grab your identity.

Meals and Entertainment has a long history as targets for perceived (or not) abuse by businesses and taxpayers  which in turn brought scrutiny from the IRS. 

The City of Atlanta has gotten a great deal of unwanted publicity since it fell victim to a ransomware attack in March 2018.

Final regulations have been released providing guidance concerning substantiation and reporting requirements for cash and noncash charitable contributions.