Jennifer Eubanks accepted into Forbes Finance Council

Forbes Councils

Forbes Finance Council is an Invitation-Only Community for Executives in Accounting, Financial Planning, Wealth and Asset Management, and Investment Firms Virginia, May 2021— Jennifer Eubanks, Principal at CPA Department, a boutique, service orientated CPA firm, has been accepted into Forbes Finance Council, an invitation-only community for executives in accounting, financial planning, wealth and asset management,…

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Unrelated Business Income Tax (UBIT)- Latest Update Nonprofits & Association

Thursday, June 3, 2021 3:00PM – 4:30PM EASTERN TIME Zoom Web-conference COVID19 presents significant challenges for executives leading non-profit organizations. One of the greatest of these is the magnitude of the overall financial impact. As membership dues and conference registrations decline, NFP and Associations are expanding products and services to generate additional income.  These activities may be considered…

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COVID-19 and Trade Associations: The Impact So Far

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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Trade Associations, COVID-19 and the CARES Act

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 Individuals

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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