Entries by jheveron

Summer 2018 Newsletter

Download the complete newsletter HERE INSIDE THIS ISSUE: • New IRS Search Engine for Eligible Charities • Affordable Housing Is Impacted by Recent Federal and State Legislation • The Charities Bureau Moved! • Charter School Audit: What to Expect From a New York State Comptroller Audit • IRS Review of Your Website and Social Media […]

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.

Spring 2018 Newsletter

Download the complete newsletter HERE INSIDE THIS ISSUE: • How the New Tax Laws Affect Nonprofits • Stephanie Annunziata, CPA, presents a nonprofit update to the Monroe County Bar Association • Leading with Intent: a BoardSource Report • Volunteering Out of Unrelated Business Income Taxation • How the New Federal Tax Law Affects Affordable Housing […]

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. […]