Explore the Spring 2017 Nonprofit Standard. Topics covered will include how boards can manage transformational change, the difference between charities and foundations, a deeper dive into ASU 2016-14, how supporting organizations can put their charity designation at risk, new processes for exempt organizations, and best practices for an effective investment committee.
According to our latest survey of residential furniture manufacturers and distributors, new orders in January were basically flat with January 2016 orders. Just over one-half of the participants reported increased orders. These results followed two good months of November and December 2016 when orders were up 8 and 11 percent, respectively.
Our 2016 Furniture Insights Survey results are in! December was a good month for many of the participants in our survey of residential furniture manufacturers and distributors. New orders in December were up 11 percent over December 2015.
2017 is a big valuation year for property taxes in North Carolina, with several Triad counties up for revaluation. There is a window of opportunity for businesses that own real property in the counties mentioned below to appeal their 2017 value and realize potentially significant savings. The optimum time to appeal is within thirty days of receiving your 2017 valuation.
Smith Leonard PLLC continues growth in talent and resources as they announce promotions and intern hires for 2017. In addition to several recent new hires, the Smith Leonard management group has seen three promotions in the tax department.
The Internal Revenue Service is warning about the growth of a W-2 email phishing scam in which fraudulent emails are sent to human resources departments seeking information about employees’ tax data. The scam is now targeting schools and other organizations in addition to for-profit companies, according to the IRS.
Following a 14 percent increase in new orders in September 2016 versus September 2015, the results of our latest survey of residential furniture manufacturers and distributors fell back in line with expectations based on most conversations we were hearing in October. October 2016 new orders were up 1 percent over October 2015. October 2015 orders were 1 percent higher than 2014. Year-to-date, new orders remained 2 percent higher than the same period a year ago.
File Required Tax Forms on Time to Avoid Penalties: There is a new due date of January 31, 2017 for W-2s, W-3s, and Forms 1099-MISC which are being filed to report non-employee compensation in box 7. All other Forms 1099-MISC are due by February 28, 2017.