Insights

Historically, companies that wanted their employees to be protected with health coverage, but didn’t want the hassle of having a company health plan, could simply give employees an amount of money sufficient to reimburse them for the cost of buying that coverage or some portion of it. As long as the individuals provided evidence that…

A new California tax credit became available in 2014 for both individuals and businesses who contribute to the College Access Tax Credit Fund (CATC), which is administered by the California Educational Facilities Authority (CEFA). The fund will be used to strengthen the diminishing resources used to provide Cal Grants to low-income college students. The credit…

The taxability of student scholarship funds has been an issue for many years. In any student scholarship, it is important to understand the intention of the funds and the student requirements to maintain the funds. These distinctions will help determine if the funds are considered taxable or nontaxable income. Let’s take a look at what…

Charity Navigator, an online exempt organization rating website, is used by donors and members of the public as a “go to” location for information about nonprofits. With just a few clicks, users can view an organization’s financial health, accountability and transparency and overall star rating. If you are a nonprofit organization, an individual donor or a business…

As you may recall from a previous article, the IRS issued final regulations that provide guidance on whether businesses can deduct or must capitalize amounts that they pay to acquire, produce or improve tangible property. The new Tangible Asset and Repair Regulations (TARS) went in to effect for taxable years beginning on or after January…

California’s Proposition 13 was originally billed as a way to keep elderly fixed-income homeowners in their homes by preventing the government from sharply increasing their property taxes. The proposition capped the maximum amount that the assessed value of real estate could go up by no more than 2% per year, which meant that the rates…

In recent years, Bartlett, Pringle & Wolf, LLP has seen an influx of clients who are investing in publicly traded partnerships (PTP). What are publicly traded partnerships? PTPs are business organizations that have two or more co-owners and are also traded on a public securities market such as the NYSE or NASDAQ. These co-owners can…

With the end of the year quickly approaching, have you taken the necessary steps in order to close out the year? This article will highlight some points to remember as you prepare for year-end. By taking the time to consider what needs to be done for year-end close now, you and your business will save time and money down…

With the recent close of the 2014 legislative session, Sacramento has been in a flurry with the passage and signing of new state laws, which are set to be enacted in the coming new year. One bill that has garnered significant press is the Healthy Workplaces, Healthy Families Act of 2014 (AB 1522), signed into law…