Tax-Exempt Organizations and 2017 Tax Reform

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Dear Friends in the Tax-Exempt Community:
Below is a brief overview of the key tax reform proposals relating to tax-exempt organizations. As you know, Congress is currently putting together legislation to effect significant tax reform with a timeline of having it enacted this year. Although Congress is still negotiating, the following reform proposals may impact your […]

Royalty Income of Nonprofits is Being Targeted for Taxation!

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The Senate Finance Committee’s version of the Tax Cuts and Jobs Act includes a number of items that would impact nonprofits.
Perhaps the most immediately significant is the provision that would call for taxing the revenue generated from royalties related to licensing a nonprofit’s name and/or logo. Royalty revenue has traditionally been exempt from income taxes. […]

How Could Federal Tax Reform Impact Nonprofits?

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By:  Doug Boedeker, CPA, Partner
It has been a challenge staying current on the twists and turns involved with the proposals for Federal Tax Reform. Many of the ideas within the tax reform package have a direct impact on nonprofit organizations.
Charitable deductions, executive compensation, employee fringe benefits, and intermediate sanctions are just some of the “hot […]

Tate & Tryon Helps Honor Top CFOs at 2017 Nonprofit CFO Awards Luncheon

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Tate & Tryon is very pleased to congratulate the 2017 Nonprofit CFO of the Year honorees who were formally recognized at the annual Nonprofit CFO of the Year Awards Luncheon on October 24th.
Founded in 2006 and presented annually by Tate & Tryon and West, Lane & Schlager, the Nonprofit CFO of the Year Awards luncheon […]

T&T Managing Partner Charlie Tate Receives 2017 Men Empowering Women Award

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Tate & Tryon is pleased to announce that the Firm’s managing partner Charles Tate was the recipient of the GWSCPA’s 2017 Men Empowering Women Award. Charlie was honored at the GWSCPA’s annual Women’s Leadership Conference and Women to Watch Awards Luncheon which was held at the Mayflower Hotel on October 13, 2017.
This brand new award […]

Unclaimed Property: Another Report You May Have to File

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By: R. Michael Sorrells, CPA, Tax Principal
Every U.S. state, the District of Columbia, U.S. territories and several foreign countries have unclaimed property (escheat) laws on the books.  The purpose of these laws is to protect consumers and companies by ensuring that money owed to them is returned to them instead of remaining permanently with companies […]

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