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Alert: IRS warns of new impersonation scam

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2017 Q3 tax calendar: Key deadlines for businesses and other employers

Here are some of the key tax-related deadlines affecting businesses and other employers during the second quarter of 2017. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements. July 31

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Should your nonprofit take out a loan?

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Business owners: Put your successor in a position to succeed

When it comes time to transition your role as business owner to someone else, you’ll face many changes. One of them is becoming a mentor. As such, you’ll have to communicate clearly, show some patience and have a clear conception of what you want to accomplish before stepping down. Here are some tips on putting your successor in a position to succeed.

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Uniform Guidance Procurement Grace Period Extension

Non-federal entities have been granted a grace period of one additional fiscal year to implement changes to their procurement policies and procedures in accordance with the procurement standards in 2 CRF200.317 through 200.326 of the Uniform Guidance.  If you elect to extend, implementation of the procurement standards will start for fiscal years beginning on or after December 26, 2017.

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5 tips for successful nonprofit succession

Every not-for-profit organization needs a comprehensive succession plan to ensure smooth leadership transitions. Here are five tips for making a written plan successful:

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Donating a vehicle might not provide the tax deduction you expect

All charitable donations aren’t created equal — some provide larger deductions than others. And it isn’t necessarily just how much or even what you donate that matters. How the charity uses your donation might also affect your deduction. Take vehicle donations, for example. If you donate your vehicle, the value of your deduction can vary greatly depending on what the charity does with it.

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USCIS Publishes New Form I-9 and Instructions

Article Adapted from American Payroll Association U.S. Citizenship and Immigration Services (USCIS) has released the new Form I-9, Employment Eligibility Verification, and updated the Instructions for Form I-9. Employers must begin using the new version (dated November 14, 2016) by January 22, 2017. Until then, either the new version or the version dated March 8, 2013, may be used. The new form and instructions are available on the USCIS website at https://www.uscis.gov/i-9.

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QuickBooks 2014 Sunset

QuickBooks is required to be updated every three years if your company is connected to any QuickBooks add-on services. The most common add-on is the QuickBooks payroll service. Other add-ons include QuickBooks merchant services/credit card processing, online banking, bill pay and others. QuickBooks follows a sunset policy. This means that they only support the current year and the prior two years’ versions of their QuickBooks product effective May 31, 2017. The end result is that QuickBooks...

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Maryland Earned Income Credit Eligibility Notification

Adapted from Tax Alert; Comptroller of Maryland Tax-General Article § 10-913 requires an employer to provide, on or before December 31, 2016, electronic or written notice to an employee who may be eligible for the federal and Maryland Earned Income Tax Credit (EITC). Your employees may be entitled to claim an EITC on their 2016 federal and Maryland resident income tax returns if both their federal adjusted gross income and their earned income is less than the following:

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