Given shut down orders, social distancing, and travel restrictions, trade associations are facing extraordinary financial losses due to in-person event cancellations.   Further losses are being experienced in dues revenue as members look for ways to reduce their own expenses.  According to the Professional Convention Management Association, conferences and events account for an estimated 35 percent…

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Read about how cares-act can help trade-associations.

We know there isn’t any industry unaffected by COVID-19.  That said, there’s been little discussion of the impact of the pandemic on trade associations.  Trade associations are known for their role in providing information, support, advocacy, and training to industry members and to the professionals employed in those industries. They provide important information and resources,…

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2020 Year-end Charitable Giving Tax Incentives for Corporations

Once again, the grocery store bell ringers are out with red buckets seeking spare change in this giving time of the year.  Yet a pall rests over the season due to pandemic-related economic reversals felt by even the jolliest of citizens.  It is rumored that Rudolph, Prancer, and Vixen were furloughed, and Santa will lighten…

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Charitable giving Tax Incentives individuals 2020

Given that the 2019 tax reform act reduced the domestic corporate tax rate to 21%, far less than the top individual marginal tax rate of 37%, charitable giving opportunities at the individual level may provide potentially more tax savings for individual taxpayers than for corporate taxpayers.  Noteworthy individual tax-saving opportunities for year-end charitable giving include:…

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