Weather aside, a rapidly growing economy and profitable marketplace has named California one of the most desirable states for new and expanding businesses and individual taxpayers. One major obstacle that taxpayers face when seeking to enter into, or expand in California, is state taxes. California is a high-tax state with some of the highest sales/use, personal incom [...]

By: Rick Weis Providing audits to clients is what I’m trained to do. But what I also love to do is help my clients evaluate their effectiveness and efficiency to optimize success and future growth. Asking clients questions to diagnose where opportunities lie for improvement is also a critical part my job. If you asked management of most companies, they would tell yo [...]

In our recently released whitepaper, The Give and The Get: The Future of Philanthropy, we noted that many nonprofits are now investing funds in a way that promotes equity. These investments are made with the intent to generate a measurable, beneficial social or environmental impact alongside a financial return. Of our survey respondents, 23% invest all or part of thei [...]

This year I attended the The American Institute of CPAs Not-For-Profit Industry Conference in Washington D.C. I reported back on some key takeaways from the conference during our annual accounting and tax update on July 19. I also find it important to share insights from my conversation with Eliz Hovsepian, Vice President of Finance & Controller at Children's Ins [...]

“Working remotely” or “Working from home” was taboo for many old-school thinkers in the work force. It was code phrase for “you are just taking the day off.” But in today’s day and age with the technology that is available to companies, is it really all that unbelievable to be able to work from anywhere, anytime? Silicon Valley companies are known to be at the forefro [...]

As a Houston native, the recent tragedies brought on by Hurricane Harvey are very personal to me. While I think about the devastation my friends and family are going through in Southeast Texas, I am aware that an important part of the healing process is recovery. Once everyone is safe they will need to get back to work, if at all possible. Companies, as well as indivi [...]

Technology has become an integral component of the accounting industry. What was once exclusive knowledge is now overwhelmingly convenient for everyone to access. Today’s technological advances have completely reshaped the landscape and changed the dialog we have with our clients. For much of accounting’s history, our job was to look backward and be our clients’ tr [...]

Many tax-exempt organizations invest frequently in foreign alternative investments (e.g., hedge, private equity, real estate and venture capital funds). When investing into such funds, these tax-exempt organizations’ primary tax concern is generally to mitigate their risk of Unrelated Business Taxable Income (“UBTI”). Funds commonly avoid this UBTI issue for their ta [...]