HUD loans finance many non-profit-seeking properties across the country, all of which are dedicated to the mission of providing safe, affordable housing for members of at-risk communities. The agreements drawn up for non-profit HUD properties include the calculation of surplus cash, which may sound like cash that can be used to upgrade the property’s facilities,…
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The first office Lemler Group inhabited as a growing auditing firm fit the accountant stereotype to a T. Its walls were bare, its layout functional, and its decoration cost-effective. We grew a lot in this space, learning how to build a business and set the stage for future growth that would eventually lead us to a more inspirational office.
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Not every day is full of sunshine and success — in fact, most days contain their own little crises. At one affordable housing property, David arrived on a particularly dark day. But the way our client’s staff members responded to their crisis left an inspirational impression on our whole team at Lemler Group.
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The IRS is warning of an increase in refund scams this filing season. The criminals who are perpetrating these scams are using victim’s Social Security numbers, dependent data, and bank account information to file fraudulent returns. The criminals are also calling tax preparers posing as IRS agents or collections agents demanding that the refund money…
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Organizations that utilize gratitude can have a double impact on both their own employees as well as the people they serve. But when they don’t track purchased gifts carefully, these funds can slip through the cracks and encourage fraudulent purchases.
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Congress passed a bill this week which includes several retroactive tax law changes for 2017. Over 30 extender provisions, which are tax laws that have not been made permanent and need to be approved by Congress each year, are included in the bill. Many of the extenders offer tax breaks to individuals and businesses. We…
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As of December 31, 2017, partners who sell more than 50% of their interest in a 12-month period no longer have to file a technical termination. This simplifies the tax filing process throughout the year, but organizations should keep their tax preparer informed of these changes so they have up-to-date information for next year’s return.
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Much of the media’s attention regarding the new tax reform bill has focused on the reduced corporate tax rates, the 20% pass-through entity deduction, and the limitation on state and local taxes. However, there were several less-talked-about, yet impactful, changes to the tax law that businesses and individuals should be aware of. Business entertainment expenses,…
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The United States congress has passed a sweeping new tax legislation bill, which will impact nearly every American taxpayer beginning in 2018. With the beginning of 2018 just a few days away, we have highlighted a few year-end tax planning considerations regarding the new tax bill.
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A big congratulations is in order as one of our clients made history this September! Juncos Racing won not only one Pro Mazda Championship, but two! Before Juncos Racing, no team has ever snatched up two Mazda Road to Indy Presented by Cooper Tires driver’s championships in the same season. Juncos also made history by…
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