Private, religious, and even public schools come with their costs. To make matters worse, most tax-free savings plans used to only be for higher education expenses. Now, savings plans are not just for college. Thanks to the 2017 Tax Cuts… Read More
Starting a Business? Make Sure You Stay Compliant Once You’ve Cut the Ribbon.
Starting a new business is exciting, but understanding what comes next and staying on top of your “regulatory to-do list” can be challenging. Read on for a sample checklist and description of each task you should be aware of to… Read More
2019 Estate and Gift Planning Update
Tax reform made to sweeping changes to the tax code. The notable change to gift and estate tax is the doubling of the lifetime gift tax exemption from $5 million to $10 million, adjusted for inflation. This increased lifetime exemption… Read More
Highlights from the State of Nonprofits & Philanthropy in San Diego Report
The Nonprofit Institute at the University of San Diego publishes an annual report analyzing the economic health of the NPO sector and its impact on our community. Did you know that there are 11,234 registered 501(c)(3) public charities in San… Read More
Detecting and Preventing Cash Fraud
Whether you are a non-profit organization collecting cash donations or a for-profit business collecting cash for sales, you may be susceptible to cash theft or fraud. Increasing awareness of the most common types of cash theft and fraud schemes and… Read More
Depreciation Recapture Madness
Depreciation is a powerful tax deduction. For personal property used in a business—think equipment, computers, furniture, machinery etc.—current tax law allows for depreciation to be claimed at a very accelerated pace. In many cases 100% of an asset’s cost can… Read More
Investment Property Tax Planning – What to do with your vacant land?
If you own any vacant land for investment, you might want to make an election under Code Section 266 to capitalize expenses generated from the investment property, instead of deducting them. With the new tax law changes, it may be… Read More
Overlooking Portability Could Cost You
Do not let the word portability scare you. It is simply the act of transferring a decedent’s unused gift and estate tax exemption to the surviving spouse. Since the exemption has doubled under the Tax Cuts and Jobs Act, married… Read More
Game Night: Raffles and Other Fundraising Activities
Fundraising activities are a great way for nonprofits to obtain funds to be used for their charitable purpose. Everybody loves bingo night or winning an all-expense-paid vacation through a raffle, especially when their donations to participate are for a good… Read More
Cyber Fraud: An Increasing Threat
If someone told you there is a new, rapidly growing, billion-dollar industry that has a target market bigger than that of Apple and Microsoft combined, you might be tempted to get in on the action. Here’s the catch, you’re the… Read More
