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Tax-Savings Tips Newsletter Available

Our November 2018 newsletter of Tax-Saving Tips is now available for download.
Topics include:

  • IRS Says TCJA Allows Client and Prospect Business Meal Deductions 
  • Tax Reform and the Cannabis Industry 
  • Defining “Real Estate Investor” and “Real Estate Dealer” 
  • Claiming the New Employer Tax Credit for Family and Medical Leave 
  • When Must Your […]
Tax-Savings Tips Newsletter Available2018-11-13T16:04:51+00:00

The New Kiddie Tax

The Tax Cuts and Jobs Act greatly simplified the “kiddie tax”. The original kiddie tax required children under the age of 18, or under age 24 if they are a full time student, to pay taxes on their unearned income (interest, dividends, capital gains, rents, etc.) over $2,100 at their parents’ highest tax rate. It […]

The New Kiddie Tax2018-11-13T15:01:21+00:00

New York Sexual Harassment Requirements for Employers

Legislators in New York passed a law requiring employers to provide sexual-harassment training to all workers. This training must be implemented by October 9, 2018. The training must provide specific criteria to comply with New York state including but not limited to: specific examples of inappropriate conduct, the applicable laws and remedies to […]

New York Sexual Harassment Requirements for Employers2018-08-07T18:18:09+00:00

FASB issues ASU 2018-08

On June 21, 2018, the FASB issued ASU 2018-08 clarifying the scope and the accounting guidance for contributions received and contributions made. This standard will be applicable for non-public entities for annual reporting periods beginning after December 15, 2019 (2020 calendar year ends). This is a long awaited standard to bring clarity on how to […]

FASB issues ASU 2018-082018-08-07T18:17:13+00:00

Navigating the Waters of Not-for-Profit Fiscal Sponsorship

Our clients at PKHB CPA sometime inquire about fiscal sponsorship as it relates to new and aspiring charitable organizations. Some of our clients are asked to act as fiscal sponsors for these new projects while these aspiring entities engage in what can be a lengthy process of seeking 501(c)(3) status through the Internal Revenue Service. […]

Navigating the Waters of Not-for-Profit Fiscal Sponsorship2017-03-07T14:24:58+00:00