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Finance Lab
One Big, Beautiful Bill Act
Last week, after both houses of Congress very narrowly passed it, President Trump signed the “One, Big, Beautiful Bill Act” (H.R. 1). The...
Dave Moja
Jul 103 min read
Parking Tax: Circa 2025 and other goodies
To start out on a positive note, there are a few good things in the 2025 “The One, Big, Beautiful Bill.” The threshold for required...
Dave Moja
Jun 192 min read
What’s Going on in Washington?
The news and social media “noise” these days are filled with opinions and dissections of everything that is going on with tax...
Dave Moja
Jun 23 min read
Accountable Reimbursement Plans
The IRS continues to look closely at the substantiation of employee expenses and reimbursements. Does your institution have proper...
Dave Moja
May 43 min read
Key Tax Facts for 2025
As we approach the end of the first quarter of 2025 (can you believe it?), this might be a good time to take a look at several pertinent...
Dave Moja
Mar 143 min read
Beneficial Ownership Information Reporting: The Clock is Ticking
***UPDATE as of March 3, 2025*** BOI Reporting Requirements Ended! In a move not unlike the abhorrent delayed government reactions to the...
Dave Moja
Feb 273 min read
V.A. Funding: UPDATE
The “Johnny Isakson and David P. Roe, M.D. Veterans Health Care and Benefits Improvement Act of 2020” added several requirements, including
Dave Moja
Feb 143 min read
Qualified Charitable Deductions (IRA) - **DEVELOPMENT DIRECTOR ALERT**
There is a oft-times overlooked fundraising opportunity that your institution should be aware of: The “IRA Qualified Charitable...
Dave Moja
Nov 18, 20243 min read
TWO ANNUAL AUDIT REPORTING “TRAPS” INSTITUTIONS SHOULD BE AWARE OF
The U.S. Department of Education (ED) has announced that the “threshold” for the amount of Federal funds that will require a “Uniform...
Dave Moja
Aug 16, 20243 min read
Are remote distance learning faculty independent contractors?
The following blog post was generated by AI (ChatGPT) and has been reviewed by TRACS Staff for general accuracy and applicability to...
Barry Griffith
Jul 26, 20243 min read
Can faculty at colleges be considered independent contractors?
The following blog post was generated by AI (ChatGPT) and has been reviewed by TRACS Staff for general accuracy and applicability to...
Barry Griffith
Jul 26, 20243 min read
What are the best practices in Higher Ed concerning withholding transcripts for students who still owe the institution?
The following blog post was generated by AI (ChatGPT 4.0) and reviewed by TRACS Staff for general accuracy and applicability to TRACS...
Barry Griffith
Jul 26, 20242 min read
Form 1099-NEC
Have you heard? A few years ago the IRS “updated” the annual filing/reporting process for “independent workers.” In the past,...
Dave Moja
Jul 2, 20243 min read
Donated Labor or Services – Tax Deductible?
As we move into the final stretch toward Tax Day (April 15th), here is a question we receive often – is the value donated services/labor...
Dave Moja
Apr 4, 20243 min read
New Money – Part 2: Government Grants (Grants.gov)
This segment of TRACS: Finance Lab is the second of a three-part series on interesting opportunities for grants, credits, and refunds of...
Dave Moja
Nov 17, 20233 min read
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