Tag Archives: carducci

CASUALTY & THEFT LOSSES

When an individual or a business incurs either a casualty or theft loss, questions often arise as to the deductibility of the loss, on their tax return.  A casualty loss occurs when property is damaged, destroyed, or lost from any unexpected or sudden event, such as a fire or hurriane.  A casualty loss does not Read More…

BKC SUPPORTING UNITED WAY NATIONAL DAY OF CARING

BKC, CPAs, PC supported the United Way’s National Day of Caring by volunteering to organize school supply donations for the Tools4School campaign by United Way of Hunterdon County.  To assist families, United Way of Hunterdon County created the Tools4School program, which provides students in need with the necessary basic school supplies so they are ready to learn Read More…

PRESIDENT TRUMP’S TAX REFORM PROPOSALS

On April 26th, the White House announced the President’s Federal tax proposals, which include large reductions in corporate tax rates, flattening of the individual income tax brackets, and repeal of the estate and alternative minimum taxes.  Here are some highlights: Individuals The current seven graduated tax brackets (ranging from 10% to 39.6%) would be replaced Read More…

TRANSPARENCY IN NON-PROFIT ORGANIZATIONS

Transparency, in the non-profit sense, is defined as the widespread availability of relevant, reliable information about the performance, financial position, and governance of an organization.  Transparency is a trust building tool; the more transparent your organization becomes, the more trustworthy you will be viewed by the public, donors, and regulators.  It is important for non-profit Read More…