Linda J. Kramer, CPA, MBA Accounting & Auditing Director If your nonprofit has investment income, dividends, interest, rents and annuities, they’re generally excluded when calculating income subject to unrelated business income tax (UBIT). However, income from...
We are pleased to promote Sean S. McNeil, CPA, MBA to Accounting & Auditing Director at G.T. Reilly & Company. He joined G.T. Reilly in 2013 after obtaining his bachelor’s degree in business administration in accounting. McNeil delivers auditing services and...
Charles R. Kennedy, CPA, MBA Vice President & Director of Tax Services Complex rules govern excess business loss deductions, so claiming this deduction may not be as simple as it sounds. But that depends a lot on your income, filing status and other circumstances....
Kevin J. Bonnett, CPA Vice President & Director If you haven’t already changed your workplace retirement plan salary deferral for 2025, now is the time to do it. Several changes have been made to retirement plan contribution limits for this year, reflecting...
Kevin J. Bonnett, CPA Vice President & Director of Employee Benefit Services The “SECURE 2.0” Act enacted in 2022 continues to introduce significant changes each year to the rules around retirement plan savings, and 2025 is no different. SECURE 2.0 (so-called...
