Monthly Archives: June 2018

After Tax Reform, Here’s What the Nonprofit Sector is Watching

By Courtney Rozen Initial estimates aren’t promising: The American Enterprise Institute projected June 18 that the law would reduce charitable giving by $17.2 billion this year, according to a static analysis. But in the six months since Republicans passed the 2017 tax act (Pub. L. No. 115-97), much of the impact is yet to be [...]

Client Spotlight – American Gold Star Manor

May 29, 2018 In the words of President Terry Geiling, “American Gold Star Manor is Long Beach’s best-kept-secret,” providing independent and affordable senior living for Gold Star Mothers and Fathers, veterans, and other qualified seniors. After working alongside Terry Geiling, Glen Patrick (Chief Operating Officer), Bethann Cairns (Office Manager), and other wonderful staff members,  we [...]

The End is Here

The US Supreme Court finally ruled on the sales tax case from South Dakota. The case as you may recall was a direct challenge to the status quo that exempted sellers from having to collect sales taxes from buyers in states where the seller had no physical presence. The old regime has been a great boon to internet commerce and [...]

By |2018-06-21T17:06:01-07:00June 21st, 2018|Pauls's Tax Blog|0 Comments

Tax Credits to Take Advantage Next Tax Season

If you are deciding whether or not to invest in a vehicle for your business, you should consider the tax implications. New Qualified Plug-in Electric Credit U.S. Code § 30D allows for a tax credit for plug-in electric vehicles drawing propulsion energy from a battery with five kilowatt hours or more of capacity. The credit [...]

FIDUCIARY ACCOUNTING RECORD MUST HAVES

When requested to prepare fiduciary accountings, I would first ask the following questions: What will the fiduciary accountings be used for? Are they going to be filed in court? What is the time period of account? The answer to questions 1 and 2, would determine the level of detail required of the accountings. There are [...]

WHAT IS THE PURPOSE OF FIDUCIARY ACCOUNTINGS AND WHY IS ONE NEEDED?

A fiduciary is an individual in whom another has placed the utmost trust and confidence to manage and protect their property and/or money. The relationship is where one person has an obligation to act for another's benefit. A common type of fiduciary is a trustee or the person that is responsible for overseeing a trust. [...]