Posts Tagged ‘EubanksAA’
Jennifer Eubanks Contribution to Forbes Expert Panel: 15 Expert Tips To Help Small-Business Owners Better Manage Financial Risk
Summary of Keypoints Jennifer Eubanks contributed expert insight to a Forbes Finance Council article titled “15 Expert Tips To Help Small-Business Owners Better Manage Financial Risk,” alongside other finance leaders. The article focuses on financial risk management for small businesses, addressing challenges such as tax obligations, overhead costs, economic uncertainty, natural disasters, inflation, and limited…
Read More2020 Year-end Charitable Giving Tax Incentives for Corporations
Summary of Keypoints The CARES Act temporarily expanded corporate charitable giving incentives for 2020, increasing the charitable deduction limit for C-corporations from 10% to 25% of taxable income and raising the limit for food inventory donations from 15% to 25%. Equity gifting remains a common year-end strategy for business owners, using the $15,000 annual gift…
Read More2020 Year-end Charitable Giving Tax Incentives for Individuals
Summary of Keypoints Individual charitable giving may yield greater tax benefits than corporate giving, since the top individual marginal tax rate (37%) exceeds the reduced corporate tax rate (21%) under the 2019 tax reform. The CARES Act introduced a new $300 above-the-line charitable deduction for 2020, allowing individuals who take the standard deduction to deduct…
Read MoreUnrelated Business Income – Latest Update Nonprofits and Associations
Summary of Keypoints The update titled “Unrelated Business Income – Latest Update Nonprofits and Associations” was presented on January 13, 2021, focusing on current developments affecting nonprofits and associations. The presentation was delivered by Jim Niblock, Senior Manager of Tax Services, and Jennifer Eubanks of Eubanks Accounting & Advisory, highlighting their expertise on unrelated business…
Read MoreTax Implications of the Cares Act
Summary of Keypoints The presentation titled “Tax Implications of the CARES Act” took place on December 29, 2020, focusing on tax-related provisions of the CARES Act. Jim Niblock, Senior Manager of Tax Services, and Jennifer Eubanks of Eubanks Accounting & Advisory served as presenters, providing professional insight into the topic. The session was designed as…
Read MoreCash Management through Crisis for Nonprofits & Associations
Summary of Keypoints Event title: Cash Management through Crisis for Nonprofits & Associations Presenters: Dan O’Dea, Director of Outsourced Accounting, and Jennifer Eubanks of Eubanks Accounting & Advisory Audience: Nonprofits and associations seeking guidance on managing cash during periods of crisis Focus: Cash management strategies tailored to organizational challenges in uncertain or crisis conditions Call…
Read MoreGraduate Certificate in Accounting for Government Contracts Soon Available at George Mason University
At Eubanks Accounting & Advisory, we bring to the table over 30 years of experience in Government Contract Consulting. We have long partnered with government contracts in order to not only assist with financial decisions, audits, and taxes, but also to help fulfill the unique needs in the field. Since it is vital for government…
Read MoreStep by Step Guidance and Application Forms – A Small Business Owner’s Guide to the CARES Act
Summary of Keypoints Primary resource provided: The post directs readers to a U.S. Chamber of Commerce CARES Act step-by-step guide for detailed instructions on how small business owners can access federal assistance. PPP application support materials: It includes downloadable documents to help business owners understand and complete the Paycheck Protection Program (PPP) process. Included PPP…
Read MoreNew Guidance from the DOL on Administering FFCRA Leaves
Summary of Keypoints Source of guidance: The U.S. Department of Labor released a Questions and Answers document to help employers administer FFCRA leave provisions ahead of the April 1 implementation date. Employee eligibility limits: FFCRA leaves are not available to employees who are furloughed, have reduced hours, or work at locations that are closed due…
Read MoreFor Individuals: New COVID-19 Federal Assistance – CARES Act
Summary of Keypoints Overview of the CARES Act for individuals: The CARES Act, enacted on March 27, 2020, provides economic relief aimed at helping individuals and families manage the financial effects of the COVID-19 pandemic, with provisions summarized as guidance available at the time. Retirement plan relief: Individuals may take coronavirus-related retirement plan distributions of…
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