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Early morning, December 2, 2017, the Senate passed its version of tax reform legislation after key compromises were made to the Tax Cuts and Jobs Act H.R. 1 which affects all taxpayers.

As the year comes to a close for some private foundations, there are a number of tax planning tools and year-end measures that we have compiled to help mitigate any excise tax on net investment income and prevent some common pitfalls that could result in other types of excise taxes.

As we near the end of 2017, there are several things that are clear and some others that are not. This year we saw an overall softening of the M&A market.

Changes to not-for-profit financial statements and disclosures, as described in Financial Accounting Standards Board’s (FASB) Accounting Standards Update (ASU) 2016-14, include new requirements for functional expense reporting and additional related note disclosures.

Seem like cyber villains are “equal opportunity” predators. Whether you’re an adult or an adolescent, affluent or average — or your business is for-profit, non-profit, publicly-listed or government-related — you personally, or as a member of a group, can be impacted by cyber misdeeds.

On November 2, 2017 the U.S. House of Representatives and House Ways and Means Committee issued a draft of its long-awaited tax reform legislation for individuals and businesses in the Tax Cuts and Jobs Act (HR 1).