Recent federal changes in tax rules from the federal Tax Cut and Jobs Act law are impacting nonprofits across the country. Understanding the tax changes and how to plan and respond is not just required by law but is key to solid operations of your organization. However, grappling with the changes at the same time your nonprofit is fully implementing the new Uniform Guidance (2 CFR 200) makes things even more complicated. The rules need to be reflected in planning, adjusted in policies and followed in different facets of nonprofit operations like finance, accounting, and other core business systems.
Please join Rex Porter as he provides practical and important explanations of federal tax rule changes and how they impact nonprofits. This webinar is your opportunity to identify key concerns, learn best practices under key changes of federal tax rules, and create a roadmap of next the steps you should be taking.
WHAT YOU’LL LEARN
Just a sampling of what this webinar will cover:
- Basics of the Tax Cuts and Jobs Act, signed into law December 22, 2017:
- Intent of tax reform and why it was put into law
- Important impacts on nonprofits
- Key, specific Federal tax rule changes including:
- Increase in the Standard Deduction
- Increase in Estate Tax Exemption
- Other vital changes
- Critical issues and risks involved with your federal grant funds and your internal business systems under tax reform, including:
- Modifications to the Unrelated Business Income Tax
- Changes to Tax-Exempt Treatment of Interest Income from Advance Refunding Bonds
- Other important issues
- Best practices tools and policies for responding to and implementing changes from the tax reform law – where to find and how to use
YOUR CONFERENCE LEADER
Your conference leader for "Changes to the Federal Tax Rules: Impact on Nonprofits and How to Respond" is Rex L. Porter. Rex is the principal and founder of Porter Group LLC, a premier national federal grant funding and compliance consultant service that serves nonprofits across the country. During his 25-year career in federal grants management Rex has served as a federal grants official, grant-funded organization executive director, and local government project manager. These experiences prepared him for his role as a sought after federal grants compliance expert. His current practice supports nonprofits and local governments stay compliant with the ever-changing and complex world of federal grant rules – especially 2 CFR 200.
Rex is a retired Air Force officer who worked extensively with federal funded grants and contracts. His degrees include a master of business administration, master of science in systems management and he is certificated in nonprofit management and holds federal certificates in program and contract management. Through his Porter Group LLC consulting firm, Rex annually helps dozens of nonprofits and local government officials by conducting compliance risk assessments, building better internal controls for grants compliance and creating and delivering unique and compelling training materials.
An avid hiker, Rex and his wife enjoy the environment and scenery around their Scottsdale, Arizona home and he considers traveling and spending time with family his two favorite hobbies. He enjoys giving back to his community. On any given night Rex might be found doing pro bono searches for grant funds or helping a local nonprofit improve their grant practices.
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CERTIFICATES OF PARTICIPATION
NonprofitWebAdvisor certificates of participation are available to everyone completing this webinar.