More about laura.kenney@claconnect.com
Laura enjoys providing tax services for public charities, higher education institutions, private schools, cultural institutions, associations, foundations and healthcare organizations.
Blog Posts by laura.kenney@claconnect.com:
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IRS’s Priority Guidance Plan for Exempt Organizations
By Christopher Granucci and Laura J. Kenney Treasury and the IRS recently released their 2021-2022 Priority Guidance Plan (PGP) – their plan to work on providing guidance related to the issues that are most important to taxpayers, tax advisors and industry groups. The plan has 193 priority guidance projects, and includes sections for corporations, partnerships, […]
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ERC Miniseries – Part III – Back to Basics
In the last episode of our ERC for nonprofits miniseries, Kelsey gave us a GREAT chart that helps you see all of the ERC limits and rules at once. If you missed the last episode, you HAVE to go back and see that – and if you’re binge watching this miniseries – even better! Here […]
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Accelerating Charitable Efforts Act and Two High Profile Charitable Vehicles
By Michaela Cromar and Laura J. Kenney There are two charitable contribution vehicles that have been driving a great deal of controversy in the philanthropic and tax worlds lately: donor advised funds and private foundations. Donor Advised Funds – Warehousing or Green Housing? Critics of donor advised funds call it “warehousing” of charitable contributions; […]
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ERC for Tax-Exempt Orgs: A Miniseries – Part I
By Kelsey Vatsaas and Laura J. Kenney ERC: The latest and greatest In this first episode of our miniseries on employee retention credits (ERCs) for nonprofits, instead of starting at the very beginning on the topic, we wanted to highlight recent tax guidance – which has a pleasantly surprising twist! Paycheck Protection Program (PPP) forgiveness […]
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Associations and Business Leagues – Focus on Unrelated Business Income
Associations and business leagues are resource centers, advocates, and thought leaders of their respective industry membership groups. However, tax-exempt associations and business leagues often have a surprisingly disproportionate number of complex tax issues to manage. In addition to tax considerations regarding lobbying, compensation, and transactions from their multi-entity structures, many associations also have various types […]