Businesses rely on a wide variety of strategies to meet their needs. In order to fulfill a demand for labor, independent contractors might be hired. Depending on the situation, it may be most intelligent to bring contractors aboard, perhaps if additional staffing isn’t likely to be needed in the longer term. Independent contractors are differentcontinue reading…
Tax Controversy
Conservation organizations worry about losing tax-exempt status
Minnesotans value nature and the outdoors. In order to keep the state’s natural heritage vibrant, conservation groups may buy up pieces of land in order to prevent development. These groups often rely on achieving tax-exempt status in order to continue to fulfill their mission of preserving natural beauty. Without tax exemptions, it may become verycontinue reading…
Loan provides tax benefits, addresses veterinary shortages
In most places, veterinarians and other animal service providers are critical to both two-legged and four-legged members of the community. This is especially true in matters of food animal service in certain areas of high priority. Many shortages of veterinarians can be blamed on the high cost of finishing medical training, now estimated at morecontinue reading…
New ruling changes law on tax-free housing for clergy
A federal judge has handed down a ruling that reverses the previous Congressional law passed in 1954 exempting people of the cloth from paying taxes on that part of their compensation earmarked for housing. This action has the potential to have enormous fiscal impact for ministers throughout the country. According to the sitting United Statescontinue reading…
Will tax-exempt advocacy organizations face challenges?
For many nonprofit and community organizations, tax-exempt status is very important. Without this designation, they would not be able to provide services. The unfortunately reality is that federal government officials can challenge this status if they feel organizations have stepped outside the confines of tax law. One particular type of tax exemption is beginning tocontinue reading…