Posts Tagged ‘John Keller’
There is no question that we live in challenging times. John Keller of Greenwalt CPAs, Brian Singer of Singer Financial Group, along with estate planning attorney William Muench have partnered together to share the "12 Threats that Can Sabotage Your Retirement or Your Business." Attendees will learn "How to Disarm the Dirty Dozen in 2013".
We will discuss important income and estate tax changes that take effect in 2013 and how you can position yourself to make the best of these changes.
In January 2013, Howard Marks of Oaktree Capital shared with his memo to clients: The greatest of all investment adages states that “what the wise man does in the beginning, the fool does in the end”. The wise man invested aggressively in late 2008 and early 2009. I believe only the fool is doing so now. Today, in the place of aggressiveness, the challenging search for return should incorporate goodly doses of risk control, caution, discipline, and selectivity.
The seminar will take place at the Greenwalt CPAs Education Center (5342 W. Vermont Street). A catered dinner will be provided. We encourage you to bring a friend or colleague. Registration is limited to 60 people due to room size.
Registration will begin at 5:45 p.m., and the program will run from 6:00 – 7:30 p.m.
For more information and/or register please RSVP to Suzanne Haskamp at 317.260.4476 or via email at shaskamp@greenwaltcpas.com by February 15, 2013.
CPE Credit is available.
by John Keller, CPA, Manager, Tax Services Group and Member of the Not for Profit Services Group | Amanda Meko, CPA, Partner, Director of the Not for Profit Services Group
It may be human nature to shy away from voluntary contact with the IRS, but that may not always be the wisest approach for a nonprofit. Getting caught trying to sweep mistakes under the rug can bring its reputation into serious question. By taking the proactive approach with the IRS before receiving a notice, a not-for-profit will find that the agency is likely to be more amenable to finding a solution.
by John Keller, CPA and Amanda Meko, CPA | Team Members of the Not-for-Profit Services Group
Sponsorships can be mutually beneficial to both the organization and its sponsor. The organization gets funding for its event while the sponsor can use the event as a platform to gain more public exposure. The sponsor can have its name, logo, website address or telephone number prominently displayed at the event and even can sell its products at the event (as long as sales are not conducted by the organization itself).
The written sponsorship agreement sets the terms of payment and the obligations the organization has to fulfill in recognizing the sponsor. If the terms satisfy the IRS rules for Qualifying Sponsorship Payments (QPS) then none of the revenue generated will be considered Unrelated Business Taxable Income (UBTI).An organization, however, must carefully consider what it is promising to perform in the sponsorship agreement as the line between QSP and UBTI can be blurry.
by John Keller, CPA | Amanda Meko, CPA, Partner
Team Members of the Not-for-Profit Services Group
At the Indiana CPA Society Not-For-Profit Conference, representatives from the Charitable Gaming Division of the Indiana Gaming Commission discussed the Commission’s policy for reporting income from charitable gaming activities.