Excise Tax on Executive Compensation: What’s Known Now, What’s To Be Determined
For years beginning after December 31, 2017, tax exempt organizations will now be required to pay a 21% excise tax for any compensation that it paid to its “covered employees” that exceeds $1 million. Watch Tom Lanning, Partner in the Not-for-Profit Industry Practice, explain what not-for-profits need to know about excise tax.
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Insight2020 appropriations act edits, extends tax provisionsBrian Newman, Stephen Gregory, Michael BilletHere’s what to know about tax law changes in 2020 Further Consolidated Appropriations Act – and how they might mean refunds on your 2018 tax return.
InsightCohnReznick Webinar Recap: 2019 FASB Update for Not-for-Profit OrganizationsRecently, CohnReznick’s Not-for-Profit and Education practice hosted a webinar titled, “2019 FASB Update for Not-for-Profit Organizations.” The webinar, the latest in our ongoing Not-For-Profit Governance & Financial Management Webinar Series, focused on key ASUs for not-for-profits. In this article, we provide important hightlights related to ASU 2018-08, “Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made.”