Entries by jheveron

Sub-Recipient Monitoring

if you receive federal awards and pass them through to other organizations, you need to determine whether those organizations are sub- recipients. If they are, Uniform Guidance requires you to monitor the use of those pass through funds.

How the New Tax Law Affects Nonprofits

The recently enacted tax law has both direct and indirect effect on nonprofits. The indirect effect is the decreased tax incentive for charitable contributions that results from doubling the standard deduction, decreasing individual and corporate tax rates, and increasing the estate tax exemption. It is difficult to know how these will affect charitable giving, but […]

How the New Federal Tax Law and the New York State Budget Affect Affordable Housing: Heveron & Company CPAs

The new tax law was not a direct hit on affordable housing, affordable housing tax credits remain intact, and interest on affordable housing private activity bonds continue to be nontaxable, but some say that it will have a significant indirect adverse affect, because reduced corporate tax rates decrease incentive to purchase affordable housing tax credits. […]

Winter 2017 Newsletter

Download the complete newsletter HERE INSIDE THIS ISSUE: • Upgrade and Simplify Your Accounting System • Related Activities Can Result in Unrelated Business Income • Form 1099-MISC Filing Reminder • What IRS Has in Store for Nonprofits During 2018 • No More Housing Allowance for Clergy? • How Good Is Your Charity’s Reputation? • WebStar […]