Six Tax Reform Issues Impacting Nonprofit Organizations
Jul 09,2018
The Tax Cut and Jobs Act of 2017 (the “Act”) will have a profound impact on tax-exempt organizations. Even those that don’t report unrelated trade or business income or pay their executives over $1 million may still be affected. Here are the top six tax reform-related issues nonprofits will need to address: 1. Internal Revenue Code (IRC) Section 512(a)(7): Certain qualified transportation fringe benefits, including those relating to parking garages, must be reported as unrelated business income (UBI). All tax-exempt organizations will have to include as unrelated business taxable income (UBTI) any amount paid or incurred for any qualified transportation fringe benefit or any parking facility used in connection with qualified parking. If an organization has a parking garage that offers free parking to its employees, the new law says that the costs paid or incurred by the organization for providing the parking must be included in its UBTI. However,...
Rebuilding Skilled Labor, Part 1
Jun 15,2017
As Georgia and the nation’s economy continues to bounce back from the financial crisis a few years ago, growth in Atlanta and the state is thriving. Natives and newcomers alike have become accustomed to data that tells them people are flocking to the peach state. And the evidence is reflected at every turn; highways are multiplying, cranes are lifting and buildings are gleaming. Needless to say, development in Georgia is one hot topic. A Little Background For the past 50 years, Georgia's population growth has exceeded the national growth rate. The local construction and real estate industries have clearly tracked alongside those trends, despite dips during the recession of 2009-2012. The National Association of Homebuilders (NAHB) estimates new housing starts in the U.S. are now 1.2 million annually, while counting cranes in Midtown Atlanta produces a tally of 19 in a 1.2 square mile area. According to an analysis of...
Keep the (Donor) Love Alive
Feb 13,2017
Like any industry, nonprofit organizations must stay ahead of the curve when it comes to differentiating their organization from their competitors. As technology continues to evolve, there are many best practices nonprofits can use to maintain love with their current donors while increasing their donor base. Since 2017 is already in full force, here are a few marketing tips that can help all nonprofits!StorytellingDeveloping an effective and measurable marketing strategy is key. For nonprofits, a component of the strategy should include storytelling. Storytelling is an effective way to spark emotion and increase engagement. While it is important to be selective on the stories you tell, research shows storytelling is one of the best ways to connect to your audience which in return can drive donor engagement and ongoing support. This can be accomplished in both print and digital mediums.Influencer Marketing Influencer marketing is another way to humanize your marketing efforts....
Doing Good: In Spirit and with Your Wallet
Dec 16,2016
The holiday season always seems to open people’s hearts (and wallets). Giving to a charity is not only generous and needed, but can bring significant tax deductions. Charitable giving is known as one of the most flexible tax planning tools because your choice of recipients is vast and you can give at any time of the year (although deductions are based on IRS deadlines). To take a charitable donation deduction, the gift must be made by Dec. 31, 2016. Don’t give and go. As a donor, make sure you are taking advantage of the available tax planning strategies.Cash DonationsCash donations, which include donations made via check, credit card and payroll deduction, are the easiest type of donation. However, it is important to substantiate them if you wish to use them as a deduction.  To be deductible, cash donations must be:Supported by a canceled check, credit card receipt or written communication...
Board Governance Surrounding Nonprofit Organizations
Dec 02,2016
Nonprofit organizations rely on their board members for a variety of reasons. Board members support the mission of their affiliated organization in many ways, but they also play two key - and somewhat different - roles: support and governance. Michela Perrone, PhD, President of MMP Associates believes when it comes to support and governance board members must wear two different hats.When they wear the governance hat they have full authority to make the governance decisions.  When they wear the support hat the CEO/Executive Director has the authority to make operational and management decisions.   Michela opened our October 2016 Nonprofit Workshop by asking the audience to speak with individuals at their table and to come up with a list of questions they had regarding nonprofit boards. Below are three topics Michela and the audience discussed.  1. How to engage your board members Engaging board members can be difficult. Michela recommended having board...
No Gloom, Just Boom
May 09,2016
The Atlanta ZIP code, 30363, was recently ranked number 10 among America’s ‘Top 10 Boom Towns,’ according to Realtor.com. The improving local economy is fueling new construction, lower vacancy and higher rents in the area. Millennials are also a large part of this improving economy. The 30363 encompasses Midtown and West Midtown, an area known for Atlantic Station (our home), Home Park and its recent and successful developments. Neighborhoods included on the ‘Boom Town’ list are experiencing a vast amount of construction, job creation and housing market growth. The rise of millennial employees has encouraged companies to relocate or remain in the Buckhead, Midtown or Downtown Atlanta vicinities. Integra Realty’s Office Market Report indicates an increase in market rents by two percent over the last year. Office buildings located in Buckhead and the Central Perimeter area have increased their asking rents above $30.00 per square foot. Integra Realty anticipates Central Perimeter,...
Compensation Trends for Real Estate CEOs and CFOs
Dec 22,2015
Real estate industry CEOs and CFOs were the highest paid across eight major industry sectors during 2014, according to The BDO 600 CEO and CFO Pay Study. Last year, real estate CEOs and CFOs were the second most compensated, falling right behind executive leaders from the energy sector. The analysis was conducted by BDO’s dedicated Executive & HR Practice, and examined proxy statements of public real estate companies with annual revenues between $25 million to $1 billion.This number one ranking could be attributed to the positive economic climate during 2014 and an increase in overall business. It could also be due to real estate CEOs’ and CFOs’ growing role and the increased complexity of the real estate industry, which now necessitates not only an understanding of their industry, but how advancements in other sectors, like technology, are significantly impacting their business. Another factor possibly contributing to the ranking is the...
Atlanta’s Real Estate Development: From Our View – Downtown, Midtown, West Midtown and Buckhead
Jul 31,2015
In the not-so-distant past, you could look out the window of any mid or high rise in Atlanta and have a view unimpeded by construction cranes. Thankfully, those days (at least for now) are over. From our offices in Atlantic Station, we have a panoramic view of Atlanta and are watching with interest the growing number of cranes around the area that signal real estate development. Many of our real estate developer clients are driving new projects and we’re excited about the continued prospects for real estate investment. “So many areas of Atlanta are experiencing remarkable development ,” said Joe Foltz, a partner at Womble Carlyle Sandridge & Rice LLP. “Avenues of Buckhead is taking shape with tenants taking occupancy.  Ponce City Market, Krog Street Market in the Old Fourth Ward and Inman Park have become highly desirable destinations for retail and dining and chic locations for residential. However, the renaissance of...

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