Proposed Regs Provided for Code Sec. 163(j) Limit
The IRS has proposed regulations on the limitation on the business
interest expense deduction under Code Sec. 163(j), as amended by
the Tax Cuts and Jobs Act (TCJA) ( P.L. 115-97). The IRS also has
Deductions Denied to Medical Marijuana Dispensary
A nonprofit corporation that operated a medical-marijuana
dispensary legally under California law was not allowed to claim
deductions for business expenses on its federal return. Code Sec.
2019 Standard Mileage Rates Released
The IRS released the optional standard mileage rates for 2019. Most
taxpayers may use these rates to compute deductible costs of
operating vehicles for:...
Proposed Regs Address Foreign Tax Credit Changes
Highly anticipated foreign tax credit regulations have been issued
that provide guidance on the significant changes made to the
foreign tax credit rules by the Tax Cuts and Jobs Act ( P.L.
Guidance on 2019 Withholding Rules
The IRS has provided interim guidance for the 2019 calendar year on
income tax withholding from wages and withholding from retirement
and annuity distributions. In general, certain 2018 withholding
How Do I...Shift Taxable Income into 2016?
As the calendar approaches the end of 2015, it is helpful to think
about ways to shift income and deductions into the following year.
For example, spikes in income from selling investments or other
Your organization makes a difference to the community. We want to help nonprofits succeed and thrive. We serve clients that serve the community.
We have served hundreds of nonprofit organizations since 2000. We perform approximately 40 – 50 audits annually, 95% which are nonprofits or organizations owned by nonprofits. We are an “audit firm", meaning our focus on a daily basis is audit standards, audit procedures and efficient audits. Our lead principal has been an auditor since 1991, which is an extraordinary amount of time participating on-site in audit fieldwork. The Firm is a respected leader in nonprofit audit services.
We also perform the tax return preparation for these audit clients. Our focus is not on the number of clients we serve, but on the high quality of our services, understanding of the organizational environment in nonprofit sector, and enthusiasm to work with the organizations serving the communities.
Our clients range from $250,000 to $52 M in revenue. We have a high retention rate, including some clients from the first year we formed. We also provide one time audits for organizations applying for one-time funding. We look to the mission of the organization when selecting our clients.
Audit and review
With service to hundreds of organizations in our ten years of service, we have extensive experience with the unique financial issues of nonprofits. We have gained a reputation for expertise as our people present at national conferences on nonprofit accounting issues.
Tax preparation and review
Nonprofits have challenges in tax returns that are both financial and best practice reporting. A state law requirement of filing with the Washington Secretary of State and the Internal Revenue Service adds a higher degree of responsible reporting.
We have a reputation as a firm with unique experience and qualifications in compliance auditing. Our people include former government auditors and national instructor in compliance. Let our experience work for you.
American Institute of Certified Public Accountants (AICPA) - 22 years
AICPA Government Auditing Quality Center (GACQ) - since inception
Washington Society of Certified Public Accountants (WSCPA) - 22 years
WA State Minority & Women's Business Enterprises (OWMB) - 13 years