Commercial Real Estate for Women’s Dallas Chapter (“CREW Dallas”), a not-for-profit organization, recently named Shea Kracheck, Tax Principal at LGT, as the 2018 President-Elect. Over her four-year term, Shea will shepherd the Board of Directors in their responsibilities for setting goals, priorities, strategic objectives, and more.
With so much on their plates, it’s not surprising that cybersecurity isn’t at the top of some not-for-profits’ to-do lists.
But cyber risks are real and can prove costly in terms of both finances and reputation. Fortunately, you can take some proactive steps to reduce your risks without breaking the bank.
The annual gift tax exclusion will increase next year to $15,000, a $1,000 hike over this year’s figure and the first jump since 2013. This pertains to gifts made in 2018.
Source: "Employer Sponsored Disaster Relief Benefits" by Postlethwaite & Netterville ("P&N")
HOW EMPLOYERS CAN HELP EMPLOYEES
Many employers are now looking for ways to help employees in the wake of this crisis. A few ways employers can help employees include:
When was the last time you checked your tax withholding, when you signed that W-4 eight years ago? There are multiple factors that largely affect how much you owe each year. Be mindful of potential refunds or taxes that you could owe.
The IRS sends warnings of phishing emails scams, particularly those requesting last-minute changes and account updates.
Cybercriminals are taking the time when people are vulnerable, and creating sophisticated scams to trick anyone.
The IRS recently issued its 2017 cost-of-living adjustments. Because inflation remains relatively in check, many amounts increase only slightly, and some stay at 2016 levels.
The election of Donald Trump as President of the United States, along with Republicans retaining control of both chambers of Congress, will likely result in an overhaul of the U.S. tax code.
They say timing is everything. And, when it comes to year-end tax planning, this expression certainly holds true for income and expenses.