Tax & Accounting Blog

Goodbye Dear Friends: Microsoft Windows XP & Office 2003
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Washington, DC Trend in 2013: Temporary Property Tax Exemptions for Churches and Nonprofits

Act 19-664 enacts the “United House of Prayer for All People Real Property Tax Exemption Technical Temporary Act of 2013,” which amends the real property tax exemption so that the statutory exemption applies as of March 1, 2011. The exemption expires December 8, 2013. Act 19-665 enacts the “Beulah Baptist Church Real Property … Read More

Why Nature of Income Paid to Foreign Vendors Matters Part 3 – Uncategorized Income

Why Nature of Income Paid to Foreign Vendors Matters Part 3 – Uncategorized Income

In order for payments to foreign vendors to be timely made and correctly withheld and reported, accounts payable (AP) personnel need to know the nature of the income before payment is made, ideally before the invoice is received. Since many payments are based on the terms of the agreement, this can best be determined at … Read More