The largest piece of tax reform since the Reagan administration is complete. Nonprofits of all types face a brand new giving landscape following a doubling of both the standard deduction (up to $24,000 for couples and $12,000 for individuals) and the estate tax exemption (up to about $22 million for couples and $11 million for individuals). Read more in our Nonprofit newsletter.
Eric Cohen, CPA is the President and Founder of E. Cohen and Company CPAs, a full-service CPA firm serving nonprofit organizations, government contractors, professional service companies and other industries with audit, tax and business advisory services for over 26 years. The firm was commended as a SmartCPA Reader’s Choice by SmartCEO magazine and a “Best Accounting Firm to Work For” by AccountingToday magazine. For more information, visit www.ecohencpas.com or call 301-917-6200.