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Monthly Archives: May 2010

Accounting For Non-Cash Charitable Contributions – Follow-Up

Back in March, we covered the reporting and record-keeping requirements for non-cash charitable contributions.
Now we will focus on how you can determine how much your charitable contribution is worth. What is the true value of that nearly-new suitcase or the blouse you’ve owned for twenty years? 
The first thing that you must consider is the condition of the object...

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Are You Subject to the Franchise Tax?

The Texas Franchise Tax filing deadline is six short days away! Yes indeed, your business’s 2010 Texas Franchise Tax return must be postmarked or extended by Monday, May 17th.
Not sure if your business is required to file a franchise tax report? Check and see where your entity falls on the lists below- it will give...

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Texas Good For Business

Chief Executive Magazine has released the results of its annual CEO survey ranking the best and worst states for business development and job growth. Who tops the list? The great state of Texas, of course, for the sixth consecutive year!
The survey was conducted among 651 CEOs who were asked to rank each state and the...

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Deadline Countdown: Tax-Exempt Organizations

Did you know almost all tax-exempt organizations (other than churches or church related organizations) are required to file yearly returns with the IRS? Well, it’s true!
The filing requirement for a tax-exempt organization depends on the yearly financial activity. Check out this handy chart (courtesy of www.irs.gov) to see what your organization is required to file:
Financial...

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