New concepts in taxation

2018 has proven to be an eventful year for taxes, and many of the changes and updates affect both individual and business clients. The AICPA Tax Section has been instrumental in helping with guidance.

Planning to “Bunch” Charitable Deductions This Year? Don’t Forget the Carryover Rules

The 2017 tax act created a new 60% charitable deduction limit for cash contributions to public charities. The concept sounds great – it promotes charitable giving and allows a deduction to generous donors. However, obtaining optimal deductions will involve careful planning by donors and their advisors. The new 60% charitable deduction limit refers to a donor’s contribution base, which […]