by Borland Benefield Staff | Dec 14, 2022 | Articles for December 2022, Birmingham Accountants, Government Actions, Municipal Audits
Act 2022-345 (HB256) was recently passed into law by the Alabama Legislature. HB256, also known as the Municipal Audit Clarification Act, details how mayors or city managers of a municipality should audit their municipality’s financial expenditures and how often these...
by Borland Benefield Staff | Nov 17, 2022 | Articles for November 2022, Borland Benefield Staff, Government Actions, Tax Related, Thought Leadership
Inflation continues to strain American families as the country grapples with the aftereffects of the COVID-19 pandemic. To overcome these challenges and face the growing concerns of a recession, the government passed the Inflation Reduction Act of 2022 on August 16....
by Borland Benefield Staff | Sep 22, 2022 | Articles for September 2022, Tax Code, Tax Credits, Tax Related
Over the last year, home prices have soared in many parts of the country. In addition to benefitting from an appreciating asset, eligible homeowners enjoy several tax advantages. Here are eight reasons why it’s better to be an owner, rather than a renter, from a...
by Borland Benefield Staff | Sep 8, 2022 | Articles for September 2022, Birmingham Accountants, Borland Benefield Staff, Nonprofit Auditing, Tax Code, Tax Related
The IRS is currently inundated with procedural and technical obstacles that have caused processing delays. Here are some items of note that have been reported by exempt organizations and their service providers. Announcement 2001-33 Replaced. Nonprofits should be...
by Borland Benefield Staff | Aug 25, 2022 | Articles for August 2022, Birmingham Accountants, Tax Credits, Tax Related
Real estate markets are still surging in many parts of the country, especially in some popular travel destinations. If you’re thinking about selling a vacation home that’s increased dramatically in value, you might be rightly concerned about the tax hit....
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