Four tips for filing this tax season

Posted by lgtcpa on Feb 27, 2018

Are you ready to file your tax return(s)?

Avoid the rush! The sooner you can file, the easier your life will be, and the more your CPA will appreciate you. The easiest way to do that is to make sure you’re ready for them. Don’t wait until the last minute if you can gather your paperwork early. The less rushed your CPA is, the better off you’ll be.

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Topics: Tax, Financial, IRS

Is a GP fund right for your deal?

Posted by Abby Mackey, Tax Manager on Feb 27, 2018

Sponsors are often on the hunt for innovative ways to fund their real estate projects, particularly when they find themselves under capital constraints that limit their ability to invest. Some sponsors turn to general partner (“GP”) funds to meet their capital contribution obligations while maintaining the freedom to invest in additional projects.

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Topics: Real Estate, Accounting Tips, Financial

Adding on to your practice

Is it time to bring on an associate or partner? There are many reasons you might consider it. For example, your practice might have become so busy that you have little time with your patients. Perhaps your practice volume has grown so much that you need help managing it, or maybe retirement is around the corner and you’re thinking about eventually selling.

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Topics: Accounting Tips, Healthcare, Financial

Harvey Victim Relief — Tax Treatment

Posted by lgtcpa on Sep 20, 2017

Source: "Employer Sponsored Disaster Relief Benefits" by Postlethwaite & Netterville ("P&N")


Many employers are now looking for ways to help employees in the wake of this crisis. A few ways employers can help employees include: 

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Topics: Accounting Tips, Tax, Financial, hurricane harvey, IRS, disaster, relief

News for not-for-profits

Posted by Reham El-Sherazi on Aug 23, 2017

PayPal faces lawsuit over diverted donations

Payment processing company PayPal faces a class action lawsuit over its “Giving Fund” platform. The lawsuit claims the platform lists charities that aren’t registered to receive donations and doesn’t inform donors that unregistered charities won’t receive their donations.

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Topics: Accounting Tips, Not-for-Profit, Tax, Financial

What’s the difference between not-for-profit and for-profit financial reporting?

Board members and new staff from a for-profit background don’t always grasp the differences between the for-profit and not-for-profit ("NFP") worlds. One area of significant variation is their financial reporting approach, including both goals and practices.

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Topics: Accounting Tips, Not-for-Profit, Tax, Reporting, Financial