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No Tax on Tips and Overtime
On July 4, 2025, the One Big Beautiful Bill Act (“OBBBA”) became law and with it provisions for “No Tax on Tips” and “No Tax on Overtime” were enacted. Below is a summary of these provisions. It is anticipated that further guidance will be issued by the Internal...

CT990-T, Connecticut Unrelated Business Income Tax Return Required Online Filing
Read TAXVIEWS March 2023 CT-990T, Connecticut Unrelated Business Income Tax Return Required Online Filing

No Tax on Tips Act Passes Senate
In a rare showing of bipartisan support, the “No Tax on Tips Act” was passed in the Senate on May 20, 2025. It now moves to the House of Representatives and must then be signed into law by President Trump before it goes into effect. A similar provision is included in...

“The One, Big, Beautiful Bill” Brings Potential Changes to Tax Exempt Organizations
The House Ways and Means Committee released proposed tax legislation on May 12, 2025 which included potential changes having considerable impact on the tax-exempt community. There are many steps left in the legislative process before the proposed bill may become law...

Securing Data
In today’s digital landscape, securing data is more critical than ever. With the rise of ransomware, data breaches, and stringent compliance regulations, organizations are actively seeking ways to enhance their backup strategies. Two common options for creating and...

Nonprofits and Cyberattacks “A Constant Challenge”
Speaking with several nonprofit leaders and boards a few years ago, conversations around the likelihood of being hit with a cyberattack appeared to be remote. With limited resources, those leaders often found it difficult to put money into protecting against something...

Cybersecurity Threat: The “Fog”
What is Fog Ransomware?Fog ransomware is a sophisticated form of malicious software that encrypts files, rendering them inaccessible until a ransom is paid. Unlike traditional ransomware, Fog employs advanced techniques to evade detection. It often enters systems...

After a Disaster
When a natural disaster strikes, private clubs often face significant property damage and financial loss. Understanding how to treat insurance proceeds for tax purposes is crucial for private clubs to effectively navigate the aftermath of a disaster. Read After a...

Understanding Cloud Security, Vulnerabilities and Internal Controls
In today’s digital world, “the cloud” has revolutionized the way organizations, store, manage, and process data. However, as more organizations utilize cloud technology, the vulnerabilities surrounding that technology have grown exponentially. Failure to adapt and...

Beneficial Ownership Reporting Latest Update
The saga surrounding the Beneficial Ownership Information (“BOI”) reporting requirementscontinues… On February 18, 2025, the U.S. District Court for the Eastern District of Texas granted FinCEN astay order on its previously issued preliminary nationwide injunction on...

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