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:…

Read More

Top 7 reasons companies Outsource Accounting and Back-office functions

By Jennifer Eubanks   1. Competent financial management, reporting, and guidance.  Businesses need to have competent financial management, reporting, and guidance so the management team can focus on operations.   2. Businesses need the right people. Some 70 percent of KPMG survey respondents said they are outsourcing accounting to get access to better talent. This helps clients focus on their business instead…

Read More

Small Businesses Suffer with SBA Out of Funds

On Thursday April 16th, just 14 days after small businesses across America were first able to apply for loans through the $349 billion Paycheck Protection Program, the U.S. Small Business Administration announced it had exhausted its allotted funds and stopped accepting applications. Ironically, Capital One and Wells Fargo opened their application portals within the last two days…

Read More

Google Tells us Who is Moving Around

Check the link below to see what Google tells you about the movement in your area. Google’s report tells us how we are responding to orders to stay home and shelter in place. How are we doing? Cutting to the chase: we are moving around less, and staying home more – but not all of…

Read More