Category

Tax Regulation & Reporting
Update to Renewal Process for Exempt Status in DC - Calibre CPA Group

Update to Renewal Process for Exempt Status in DC

Tax-exempt organizations no longer are required to submit an affirmation letter of federal exempt status to the District of Columbia Office of Tax and...
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New Rules for New York City Commercial Rent Tax - Calibre CPA Group

New Rules for New York City Commercial Rent Tax

The New York City Commercial Rent tax (NYC CRT) has been applicable to many businesses in Manhattan since 1963. Now, a recent law, passed...
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Man with Dollar Sign - Calibre CPA Group

Webinar Recap – What Nonprofits Need to Know About ASU 2016-14

Steven C. Darr and Mary Margaret Prange, Partners at Calibre CPA Group, recently presented a webinar on ASU 2016-14. This ASU has resulted in...
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IRS Issues Interim Guidance on New Rules to Compute UBIT - Calibre CPA Group

IRS Issues Interim Guidance on New Rules to Compute UBIT

Section 512(a)(6) was added to the Internal Revenue Code as part of the Tax Cuts and Jobs Act passed in December 2017. It required...
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IRS Releases New Guidance Regarding Reporting of Contributors’ Identifying Information - Calibre CPA Group

IRS Releases New Guidance Regarding Reporting of Contributors’ Identifying Information

The IRS has issued new guidance regarding tax-exempt groups’ obligation to provide the IRS with contributors’ identifying information. The new rule change will allow...
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FASB Clarifies and Improves Guidance for Not-for-Profit Grant and Contribution Accounting - Calibre CPA Group

FASB Clarifies and Improves Guidance for Not-for-Profit Grant and Contribution Accounting

On June 21, 2018, the Financial Accounting Standards Board (FASB) has issued accounting standards update (ASU) No. 2018-08, Not-for-Profit Entities (Topic 958): Clarifying the...
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Supreme Court Rules That States Can Now Force Retailers Without a Physical Presence to Collect Sales Tax - Calibre CPA Group

Supreme Court Rules That States Can Now Force Retailers Without a Physical Presence to Collect Sales Tax

The Supreme Court ruled on June 21, 2018 that states can now force retailers without a physical presence to collect sales tax on any...
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Changing Tax Guidelines – Check your Check - Calibre CPA Group

Changing Tax Guidelines – Check your check

With the new tax guidelines being pushed into effect, there is the possibility that the usage of outdated W-4 forms could create some confusion...
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IRS Announces Filing Extension for 2017 Forms 1095-B and 1095-C - Calibre CPA Group

IRS Announces Filing Extension for 2017 Forms 1095-B and 1095-C

The Internal Revenue Service (IRS) has announced a 30-day automatic extension, in IRS Notice 2018-06, for furnishing 2017 IRS Forms 1095-B (Health Coverage) and...
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President Signs Sweeping Tax Overhaul Into Law - Calibre CPA Group

President Signs Sweeping Tax Overhaul Into Law

President Donald Trump on Friday morning signed into law the Tax Cuts and Jobs Act (H.R.1), a comprehensive tax bill which will create a...
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