While setting a standard for board-member size may not be at the top of your priority list, this decision is critical for the competence and health of your entire not-for-profit organization. In order to create more flexibility, bylaws specifying an ideal range for board size may be better for your organization as opposed to establishing […]
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THF Congratulates Mike Yuhas and Lindsey Gregory for Receiving Their CPA License
THF congratulates Mike Yuhas and Lindsey Gregory for receiving their Certified Public Accountant (CPA) license. Mike Yuhas received his bachelor’s degree in International Business from Westminster College and his Master of Accounting in Taxation from Florida State University. He is in our Tallahassee office and works as a staff accountant in the tax services department. […]
THF Named One Of “America’s Top Recommended Tax and Accounting Firms” by Forbes Magazine
THF has been named one of “America’s Top Recommended Tax and Accounting Firms” by Forbes Magazine. Forbes partnered with the market research company Statista to create the award list through an independent survey of tax and accounting professionals who provided thousands of recommendations. Respondents were recruited via an online survey, as well as, through a […]
No More Parking Taxes for Not-For-Profits!
The Tax Cuts and Jobs Act enacted in 2017 imposed a parking tax under I.R.C. Section 512(a)(7). This parking tax has been retroactively repealed under the Taxpayer Certainty and Disaster Tax Relief Act signed into law on December 20, 2019. This Act retroactively repeals for tax-exempt organizations the unrelated business income tax on disallowed fringe […]
THF Congratulates Matt Walker on Joining the United Way Suncoast Young Leader’s Society Steering Committee
THF congratulates Matt Walker on joining the United Way Suncoast Young Leader’s Society Steering Committee. The United Way Suncoast (UWS) Young Leaders’ Society (YLS) Steering Committee members provide leadership to build YLS into the most recognized, esteemed, and influential group in the region through its volunteerism, leadership development, and advocacy of the three pillars of the […]
THF Promotes Lorelle Chapman and Madeline Ruttenbur to Senior
THF congratulates Lorelle Chapman and Madeline Ruttenbur on their promotions to Senior in the Assurance Services Department. Lorelle began working at THF in January 2017. She has been working in accounting for more than four years providing assurance services. Lorelle received her bachelor’s degree in accounting from Florida State University. Madeline began working at THF […]
THF Promotes Nick Gilpin and Jorge Rivera to Manager
THF congratulates Nick Gilpin and Jorge Rivera on their promotions to Manager in the Tax Services Department. Nick Gilpin joined THF in 2014 and has over five years of experience providing tax compliance and consulting services. Having a broad foundation in various fields, Nick’s primary focus and professional development has been concentrated on THF’s large […]
New Standards for Not-For-Profits Affect Several Major Areas
The Financial Accounting Standards Board (FASB) developed several new accounting standards in recent years. Regarding nonprofits, there are many areas that these new standards will affect moving forward. One new standard already being adopted by many nonprofit organizations is the new nonprofit financial statement format, ASU 2016-14. This standard affects many areas including liquidity disclosures, […]
THF Promotes Dennis Gallant to Director and Bainbridge Market Leader and Matthew Walker to Senior Manager
THF congratulates Dennis Gallant on his promotion to Director and Bainbridge Market Leader in the Tax Services Department and Matthew Walker on his promotion to Senior Manager in the Assurance Services Department. Dennis joined THF in 2015. He has been providing tax compliance and consulting services for more than 24 years. He received his bachelor’s […]
THF Named One of the 2019 Best of the Best Accounting Firms
THF has been named one of the 2019 Best of the Best Accounting Firms by INSIDE Public Accounting (IPA). Continuing the tradition of more than 25 years, IPA has released the 2019 list of the Best of the Best public accounting firms in the nation. This group, the highest performers within the profession, are ranked on […]
THF Welcomes Renn Vickers to the Assurance Services Department
THF welcomes Renn Vickers to the Assurance Services Department! Renn, a Tallahassee native, attended Florida State University and earned her bachelor’s degree and master’s degree in accounting. Since 1988, Renn has been providing accounting and assurance services to a variety of industries including governmental, not-for-profit, and insurance. Renn is a licensed Certified Public Accountant (CPA) […]
Deductions Eliminated by the Tax Cuts and Jobs Act
Although the 2018 Tax Cuts and Jobs Act provided some new tax breaks, it also erased many deductions that you may have routinely claimed. The following eliminated deductions are scheduled to remain through 2025, pending congressional action. Home Equity Loan Interest. According to the new tax law, the deduction for home equity interest from 2018 […]
THF Congratulates Kayla Twogood on Joining the Lee’s Place Board of Directors
THF congratulates Kayla Twogood on joining the Lee’s Place Board of Directors. Lee’s Place was founded in 2000 after the president Brenda Rabalais lost her son, Lee, to cancer. This organization sets out to provide grief, loss, and trauma counseling to individuals and families that may not otherwise be able to afford it. The Lee’s […]
THF Acquires Bainbridge Firm Dowdy & Whittaker CPAs
THF has recently acquired the Bainbridge, Georgia firm, Dowdy & Whittaker CPAs. Dowdy & Whittaker CPAs has been providing tax and accounting services for over 30 years in the Bainbridge community. Owners John Dowdy and Charles Whittaker are well-known and successful business owners who have been leaders in the community and strong advocates and supporters […]
THF Welcomes Kayla Twogood to the Tax Services Department
THF welcomes Kayla Twogood as a Senior to the Tax Services Department. Kayla Twogood, a Colorado native, received her bachelor’s degree in business administration with a concentration in accounting and her master’s degree in accounting with a specialization in taxation from Colorado State University. She is a licensed CPA by the state of Colorado and […]
Deductions Eliminated by the Tax Cuts and Jobs Act
Although the 2018 Tax Cuts and Jobs Act provided some new tax breaks, it also erased many deductions that you may have routinely claimed. The following eliminated deductions are scheduled to remain through 2025, pending congressional action. Home Equity Loan Interest. According to the new tax law, the deduction for home equity interest from 2018 […]
THF Congratulates Allison Harrell and Andrea Medley on Joining Local Boards
THF congratulates Allison Harrell on joining the Governor’s Club Board of Governors and Andrea Medley on joining the American Red Cross North Florida Region Board. Allison is a Shareholder in the Assurance Services Department at THF. She attended Florida State University and received her bachelor’s degree in accounting and her master’s degree in accountancy with […]
What is a Tax Checkup and Why Does Your Organization Need One?
Over time an organization, as well as related tax and case laws, can change significantly. These changes, although subtle on a year-by-year basis, can considerably alter the tax exposure of your exempt entity. A comprehensive tax “checkup” serves as a diagnostic tool to help identify tax exposure areas and planning strategies. A tax checkup provides […]
3 Tips on Using Cryptocurrency in Business
In today’s day and age, it is important to understand what cryptocurrency is. Cryptocurrency or virtual currency, is a digital medium of exchange that can be used for purchasing, selling, and storing value, but it is not backed by a sovereign government. The U.S. Treasury currently classifies cryptocurrency as intangible property. Despite the name, it […]
THF Congratulates Taylor Harmon on being recognized as a Tallahassee Network of Young Professionals’ Golden A.C.E. Award Winner!
THF congratulates Taylor Harmon on being recognized as a the Tallahassee Network of Young Professionals’ Golden A.C.E award winner. The Golden A.C.E. Awards recognizes the Capital City’s top “20 Under 40” young professionals. A Golden A.C.E. recipient is an emerging young leader in their respective industry and represents the award’s namesake – to highlight those in […]
