COVID-19 was a kind of disaster most not-for-profits weren’t prepared for. As your organization recovers from this unusual event, don’t let it become vulnerable to other, more common, threats. Every nonprofit needs a formal disaster plan for such risks as a fire, natural disaster or terrorist attack. Isolate threats No organization can anticipate or eliminate […]
COVID and Not-For-Profits Read More »
Attention, Texas boaters: Are you thinking about getting a new boat or yacht this season? If so, here’s some information on how you’ll be taxed for your purchase. The TX sales and use tax is imposed on every retail sale of a boat that’s 115 feet in length or less, measured from the tip of
Attention Texas Boaters! Read More »
Personal income in Texas is expected to fall 2.6% in 2021 without more COVID-19-related federal economic support. This prediction was made in the TX Comptroller’s recently released Comprehensive Annual Financial Report. Personal income growth is expected to resume in 2022. Underlying the growth is an increase in the TX population, states the report. Recent U.S.
Texans Personal Income Expected to Fall without more COVID Relief Read More »
Luke 2:1-20 New International Version (NIV) The Birth of Jesus 2 In those days Caesar Augustus issued a decree that a census should be taken of the entire Roman world. 2 (This was the first census that took place while[a] Quirinius was governor of Syria.) 3 And everyone went to their own town to register. 4 So Joseph also
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David Townsend, a professor of history, once told his class that history wasn’t just “one damn thing after another,” but is a set of linear, intermingled stories of those who came before us. He wanted his students to remember that history was about people and events that were shaped by other people and other events.
3 Things You Can Do to Compete in an Exponential World Read More »
Get ready, your next phone will be rolling out around the world in less than 2 years. The next generation of cell phone technology is just about the corner and it’s called 5G. 5G, or 5th Generation networks are the next generation of the mobile internet. These networks have much faster speeds, more reliable connectivity
Tech Watch – Your Next Phone will be 5G Read More »
Tax Reform 2.0 has been released. It focuses on 3 areas: making permanent tax cuts in Tax Reform 1.0, spurring savings, and encouraging business startups. Questions? Come hear Tax Reform Driver, US Rep Kevin Brady at GLO’s August Luncheon http://glocpas.com/event #TCJA #TaxReform2.0 #GLOCPAS
Tax reform 2.0 may include lowering the corporate tax rate, according to President Donald Trump. Republicans are “thinking about bringing the 21% down to 20,” Trump said on July 1. “Then, for the most part, the rest of it would go right to the middle class.” Corporate Tax Cuts The Tax Cuts and Jobs Act
President Trump: Tax Reform 2.0 May Include Corporate Tax Cut Read More »
House Ways and Means Committee Chairman Kevin Brady, R-Tex., said that a tax reform phase 2.0 outline will likely be unveiled to members this month. The “2.0” draft for tax cuts will likely be unveiled by House Republicans in July and a draft of the tax reform legislative outline is expected to be released in
Tax Cuts 2.0 Moves Forward Read More »
Taxpayers will be able to file federal income taxes starting next filing season on a new postcard-sized Form 1040. The IRS officially released the draft 2018 Form 1040 on June 29. Draft Form 1040 The new Form 1040 will be finalized this summer as IRS works with the tax professionals to finalize the form. The
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