California’s passage of Proposition 39 combined with California’s “doing business “ requirement for income/franchise tax purposes creates a potential tax compliance and reporting issue for businesses based outside of California that are deriving income from California sources. This tax publication includes information on the following: “Doing Business” in California [...]

The United States Treasury recently released the so-called "Green Book," which is the Administration's Fiscal Year 2014 Revenue Proposals. The Green Book is the President's wish-list of tax changes, and as usual, this year's wish-list is a cornucopia of tax proposals - past and present. The proposals include tax changes for businesses and individuals. This tax alert [...]

The United States Treasury recently released the so-called “Green Book,” which is the Administration’s Fiscal Year 2014 Revenue Proposals. The Green Book is the President’s wish-list of tax changes, and as usual, this year’s wish-list is a cornucopia of tax proposals – past and present. The proposals include tax changes for businesses and ind [...]

I thought I’d share some key takeaways from a recent presentation I attended on the Patient Protection and Affordable Care Act. Most organizations have not… Determined the expected financial impact of health care reform Modeled scenarios to determine the cost-benefit of offering or not offering benefits to employees Thought about the “look back” period and how to [...]

California residents most likely have noticed that California sales tax has been charged by online retailers such as Amazon.com recently. After much debate and negotiation with the State of California on whether the state’s sales tax collection rules applied to Amazon’s business model, Amazon agreed to collect sales tax from California customers beginning in September [...]

Volunteers increase capacity, are cost effective and extend a nonprofit’s reach. They have value, even though the value of their services may not meet the criteria for recognition in financial statements. The Independent Sector has released the new value of volunteer time - $22.14 per hour for 2012. This represents an increase of 35 cents from 2011. The value of a vol [...]

Nonprofit Finance Fund (NFF) released the results of its 2013 State of the Nonprofit Sector Survey last week, and the findings are not surprising: Need continues to rise, and it’s harder than ever to keep up – 52% of respondents were unable to meet demand over the last year Organizations are trying new ways to keep services flowing (partnerships, upgrading of techno [...]

By: Richard Ruvelson I wanted to expand upon a topic that I covered during our last Nonprofit Workshop, on February 19th. The IRS has expanded upon it’s Voluntary Classification Settlement Program (VCSP) for organizations wanting to reclassify workers as employees for future tax periods and has extended the deadline for the expanded eligibility for the program throug [...]

By Richard Ruvelson The California New Jobs Credit, initially effective for taxable years beginning after January 1, 2009 remains in effect and is available to tax-exempt employers with 20 or fewer employees. The $3,000 per qualified new employee credit is determined by comparing the number of qualified full-time employees for the taxable year being reported with th [...]

Federal law requires every employer hiring an individual for employment in the United States to verify his or her identity and employment authorization through completion of Form I-9, Employment Eligibility Verification. 2012 saw a record number of Form I-9 audits and enforcement actions. U.S. Immigration and Customs Enforcement (ICE) conducted more than 3,000 audits [...]