Updated Withholding Calculator and Updated Form W-4 Released by IRS

On Wednesday, the IRS issued a news release regarding an updated withholding calculator. They also released the much anticipated and revised Form W-4. Check out the enclosed link to read the IRS News Release https://www.irs.gov/newsroom/updated-withholding-calculator-form-w-4-released-calculator-helps-taxpayers-review-withholding-following-new-tax-law. Or, you can check out these links and go directly to the Form W-4 and withholding calculator. If you would […]

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It’s time for nonprofits to embrace the cloud

Cloud computing promises lower technology costs and greater efficiency and productivity. Yet many nonprofits have yet to move to the cloud, possibly because their staffs are smaller and their IT expertise is limited. Fortunately, cloud computing is a simple concept that’s easy to adopt. Remote control Cloud computing, also known as “software as a service,” […]

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Home Mortgage Interest – Clarifications!

This week, the IRS issued Notice 2018-32 regarding clarifications on the deductibility of mortgage interest. The Tax Cuts and Jobs Act of 2017 changed some deductibility rules of mortgage interest for 2018 going forward and originally it was thought taxpayers might not be able to deduct interest on home equity loans. Below is the IRS’ […]

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