Is the cost of travelling to and attending that convention an allowable claim? Can your business include the expense of sponsoring a conference in its claimed indirect expense pool? It all depends on the nature and purpose of the event. The cost principle at FAR 31.205-43, Trade, Business, Technical and Professional Activity Costs,...
Read more →The Center for Nonprofit Advancement recently reported that foundation-based giving in the Washington area dropped by 9.6% in 2009. The recent recession plays a major role in the reported drop, and the full impact may not be realized until 2010. Click here to access the full report from the Washington Regional Association of Grantmakers.
Read more →Did you know that your summer day care expenses may qualify for an income tax credit? Many parents who work or are looking for work must arrange for care of their children under 13 years of age during the school vacation. Those expenses may help you get a credit on next year's tax return....
Read more →E.Cohen and Company, CPAs is proud to announce that Gail Fisher has penned an informative and well-received article in the summer 2010 issue of Women Business Owners of Montgomery County's Networker. WBO provides support and networking for women who own and operate their own businesses, giving them tools to help manage and grow their...
Read more →On June 30, Congress passed H.R. 5623, the Homebuyer Assistance Improvement Act of 2010. The Act, which is now cleared for the President’s signature, provides first-time homebuyer credit relief to taxpayers who couldn’t meet a key June 30, 2010, closing date. Under prior law, both the regular Code 36 first-time homebuyer credit of $8,000...
Read more →You've likely heard about the new tax credit for small organizations that provide healthcare coverage. Does your business or not-for-profit qualify? Is the credit worthwhile enough that companies that do not offer coverage will now start? The recently enacted healthcare legislation includes a new tax credit for qualifying small employers. The credit can cover...
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