Consistent with Governor Newsom’s “Stay at Home” Executive Order issued on March 19, 2020, we have completed the transition of our employees to work from home. While our office is closed to the public, we continue to maintain critical onsite… Read More
Tax Update 3/18/2020
We want to update you on the status of your tax payment and filing requirements for April 15, 2020. The IRS has just issued Notice 2020-17 which allows for taxpayers to defer payment of final 2019 tax payments and first… Read More
Operations Update 3/17/2020
We are writing to update you on the actions Lindsay & Brownell is taking with respect to the COVID-19 (Coronavirus) situation. Our highest priority is to protect the health of our employees and clients while continuing to deliver outstanding service… Read More
Operations Update 3/12/220
I am writing to make you aware of the actions Lindsay & Brownell, LLP (“L&B”) is taking with respect to the COVID-19 (“coronavirus”) health concern. Our highest priority, as always, is to protect the health of our employees and clients… Read More
A Potential Tax Break for Your Inherited IRA
Inherited IRAs can come with a large tax burden – so large that the value of the IRA may be almost entirely diminished between estate taxes and income taxes. However, there is a little-known deduction that can significantly lower a… Read More
Preparing Your Organization for a Financial Statement Audit
While an approaching audit can be intimidating, proper planning can make for a smooth and successful audit experience. Whether your organization already participates in annual audits or is approaching the audit requirement threshold for the first time, there are best… Read More
What companies with retirement plans must do to comply with the SECURE Act
On December 20, 2019, the Setting Every Community Up for Retirement Enhancement Act (SECURE Act) became law. The SECURE Act is landmark legislation that affects the rules for creating and maintaining workplace retirement plans for all employers. Whether you currently… Read More
IRS Updates for Tax Exempt Organizations
Recent legislation resulted in a repeal of the “parking tax” and simplified the excise tax on private foundation net investment income. The Internal Revenue Service published the following update to inform tax-exempt organizations about recent tax law changes. The Taxpayer… Read More
A Hole in One for Professional Sports Organizations
Since 1942, professional sports organizations have been able to elect tax-exempt status as 501(c)(6) nonprofit organizations. Given the profitability of groups like the PGA Tour which reported 1.2 billion dollars in revenue in 2016, the tax savings afforded by Section… Read More
Why Does Title Matter?
Our assets are very important to us, but have you thought about how your assets are titled? When someone dies, the way assets are titled may affect many things, such as who has access to or will inherit those assets,… Read More
