On August 9, 2018 the IRS released guidance on new Code Section 199A, commonly referred to as the “pass-through entity deduction”. Code Section 199A allows business owners to deduct up to 20% of their qualified business income (QBI) from partnerships, S corporations, trusts and sole proprietorships.

07/27/2018

Focus on Not-For-Profits: Changes to Missouri Tax Credits Available to Donors of Certain Not-for-Profit Organizations

In recent weeks, Missouri Governor Mike Parson signed a number of bills into law, including one that will modify certain existing tax credits and create new tax credits to encourage donations to certain social service organizations.

07/24/2018

Focus on Not-For-Profit and Colleges & Universities: Update on New Tax Law - Taxation of Certain Fringe Benefits

The Tax Cuts and Jobs Act (the Act), enacted in late 2017, was the most significant change in the tax law in over 30 years. Several provisions of the Act could have a direct or an indirect impact on not-for-profit/tax-exempt entities (exempt organizations).

View All E-Focus Newsletters