Ever Wonder How to Position Your Business for a Sale or Merger?
Caryn Kaufman, a partner at Taft Stettinius & Hollister LLP (Columbus), offers insights into strategic approaches for both buyers and sellers when approaching a merger or acquisition. We suggest you read Caryn’s article here.
Why Aren’t Most GoFundMe Crowdfunding Payments Considered Charitable Contributions?
Donations made to a personal GoFundMe fundraiser, rather than a charity fundraiser, are generally considered to be personal gifts and are not guaranteed to be tax-deductible. Only donations made to GoFundMe charity fundraisers (available in the US, UK, Australia, and...
Happy New Year!
May the 2021 Tax Season Commence!
IRS Extends Tax Changes That Help Individuals and Businesses Give to Charity in 2021
In 2020 lawmakers put in place several provisions that allowed for additional tax benefits for individuals and businesses making charitable donations. As in 2020, the following tax benefits are in place: • Taxpayers who do not itemize can claim a deduction of up to...