Insights: Article

What's the Buzz on Tax Code Reform?

By Beth Bird

March 29, 2017

Recent tax code reform discussions in Washington have generated concern in the nonprofit community regarding the future of charitable contributions.

Charitable giving is affected by our tax code in several ways, including taxpayer tax brackets and the itemized deduction itself. Add to that any potential change to estate taxes, and you have a complex system that could greatly affect charitable giving.

How should the nonprofit community respond?

One way is to stay informed about potential changes to the tax code. Communicate with your elected officials about how these changes could affect your organization and others that address the needs in your community.

Equally important is to stay in touch with your donor base about the good works you are doing in your community. Donors may cite the tax code as one reason to drive their desire to contribute, but the reason they give to your nonprofit is because they believe in your cause and your mission. Keep your mission and how you’re improving your community in front of your donors.

“We make a living by what we get, but we make a life by what we give.”
Winston Churchill

Latest Insights

November 16, 2018
Video
If your business sells or operates in more than one state, it’s important to understand the concept of nexus. Depending on how you’re earning revenue, having nexus could impose a variety of taxes, which vary state to state. Learn more in our…
November 15, 2018
Article
Until recently, many businesses weren’t overly concerned about sales tax. They knew they needed to collect and remit in the state in which they resided, but beyond that, their compliance burden was limited.
November 12, 2018
Article
This insight explores what dealerships can expect from the proposed section 199A regulations under tax reform.
November 8, 2018
Article
Are you a business taxpayer with annual gross receipts of $25 Million or less? If so, you may be eligible to take advantage of new Small Taxpayer Safe Harbors that could generate significant tax savings and simplify your tax returns in future years!
November 8, 2018
Article
Considered the most significant tax code overhaul in over three decades, the Tax Cuts and Jobs Act passed in 2017 includes provisions affecting both individuals and businesses.
November 7, 2018
Recorded Webinar
State and local sales tax compliance is always evolving, making it important to stay up-to-date on changes affecting your tax liability and responsibilities. This session will cover what you need to know regarding the recently enacted state and…
November 7, 2018
Article
“Why is my portfolio underperforming the market?” This question may be on your mind.
November 5, 2018
Article
Identify your implementation methodology. There are four practical expedients available. We'll explore each option.
November 5, 2018
Article
Deeper dive into ASU 2016 liquidity.