Vassilis Kontoglis
Tax Season Brings Rise in Cyber Crime
Cybercriminals are looking for ways to capitalize on tax season, with scams on the rise as businesses and individuals prepare to file returns. This means...
Blog
Nonprofit Tax
Nonprofit Tax
Tax Planning & Compliance
Nonprofit Challenges in Navigating Tax Issues
Nonprofit organizations are often thought to be tax exempt. But this is a misnomer, as there are many situations where a nonprofit may have to...
Internal Revenue Service Alerts (IRS)
Nonprofits Can Transfer, Claim Direct Payments for Inflation Reduction Act Credits
The Inflation Reduction Act (the “Act”), originally signed into law on August 16, 2022, outlined a proposal that allowed certain non-taxable entities to receive specific...
Business Tax
Employee Retention Credit: Amend the Proper Return
The Employee Retention Credit (ERC) is a refundable pandemic-related tax credit for eligible employers who were fully or partially suspended due to a governmental order...
Nonprofit Tax
Tax Takeaways for Tax-exempt Organizations
During AAFCPAs’ Nonprofit Seminar (April 2023), Joshua England, LLM, Esq. and Chris Consoletti, Esq. updated more than 400 attendees on the latest tax issues, laws,...
Chris Consoletti
Mass AG Amends Form PC Filing Requirements
On May 31, 2023, Massachusetts Attorney General Andrea Joy Campbell enacted several important changes to the state charity filing, the Form PC. AAFCPAs has highlighted...
Nonprofit Tax
Nonprofits May Now File Public Disclosure Documents Online in MA, NY
AAFCPAs would like to make clients aware that new online portals in the states of Massachusetts and New York are available for charities to prepare...
Legislative & Regulatory Updates
May 16 is filing deadline for many tax-exempt organizations
AAFCPAs would like to remind nonprofit clients of an upcoming filing deadline of May 16, 2022. Those that operate on a calendar-year (CY) basis have...
Nonprofit
Should Your Nonprofit Accept Cryptocurrency Donations?
With a current total market cap of all cryptocurrencies now exceeding $2 trillion dollars, nonprofits who refuse to accept, or do not have adequate policies...
