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Tax-Exempt Organizations in Hawaii

Tax-exempt organizations are under increasing scrutiny - are you following the rules? Be prepared for the significant challenges looming for Hawaii's nonprofit community. Organizations need to be ready for new requirements under the Affordable Healthcare Act, as well as enhanced IRS scrutiny of payroll and compensation. As organizations face a difficult economic environment, they should also be aware of federal and state tax consequences of generating revenue through mission-related and unrelated activities. These reference materials will address these and other legal challenges. Benefits for You: •Discussion of the impact of the Affordable Care Act •Understanding "reasonable" compensation •Proactive strategies for federal and state taxes •Decoding the Form 990 Learning Objectives •You will be able to describe best practices for nonprofit management. •You will be able to discuss compensation, intermediate sanctions and prohibited transactions. •You will be able to explain taxation of tax-exempt organizations. •You will be able to review form 990 and other filing requirements.
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Employment Law Legislative Update
— Paul M. Saito
  • Benefits of the Affordable Care Act
  • Hawaii's New Health Insurance Exchange
  • Recent Federal and State Legislation Impacting Nonprofits
Nonprofit Management – Best Practices
— Paul M. Saito
  • Nonprofit Governance
  • Recruiting and Selecting Board Members
  • Role of Finance Committee
  • Managing Employment Risks
Overview of Nonprofit Organizations
— Trever K. Asam
  • Hawaii Nonprofit Corporations Act
  • Public Charities
  • Private Foundations
  • Tax Exemption: IRS Form 1023
  • Director and Officer Liability
  • Lobbying and Election Activities
Compensation, Intermediate Sanctions,and Prohibited Transactions
— Jodene K. Arakaki and Kawena S. Beaupre
  • Identifying Reasonable Compensation
  • Intermediate Sanctions
  • Prohibited Transactions
  • Deferred Compensation and Retirement Plans
Taxation of Tax-Exempt Organizations Unrelated Business Taxable Income (UBIT)
— Trever K. Asam
  • Exceptions and Modifications to UBIT
  • Hawaii General Excise Tax ('GET')
Form 990 and Other Filing Requirements
— Jodene K. Arakaki
  • What Document to File (990, 990-EZ, 990-N, 990-T)
  • The Form and Schedules
  • Foreign Activities
  • Benefit Compensation and Reporting
  • Related Parties
  • Other Filing Requirements
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Online Manual

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Trever K. Asam – Moderator

Cades Schutte LLP

  • Tax associate with Cades Schutte LLP
  • Areas of practice include federal and state tax planning and controversy, and tax-exempt organizations
  • Writer, “The General Excise Trap for Non-Profit Organizations,” Hawaii Bar Journal
  • J.D. degree, Duke University School of Law; B.A. degree, Yale University
  • Can be contacted at 808-521-9274 or [email protected]

Jodene K. Arakaki

Cades Schutte LLP

  • Tax and employee benefits associate with Cades Schutte LLP
  • Areas of practice include federal and state tax, compensation and deferred compensation, and pensions
  • Held various positions in the accounting field
  • J.D. degree, summa cum laude, University of Hawaii; B.B.A. degree in accounting, with honors, University of Hawaii
  • Can be contacted at 808-521-9252 or [email protected]

Kawena S. Beaupre

Cades Schutte LLP

Tax associate with Cades Schutte LLP

Areas of practice include federal and state tax, and tax-exempt organizations

J.D. degree, University of Hawaii; B.B.A. degree in accounting, University of Hawaii

Can be contacted at 808-521-9242 or [email protected]

Paul M. Saito

Cades Schutte LLP

  • Partner with Cades Schutte LLP
  • Specializing in labor and employment law providing representation and advice to consultation to employers
  • Extensive litigation, administrative, and arbitration experience in employee/union relations, discrimination, hiring and discharge, counseling, wage and hour matters, workplace violence, wrongful termination, as well as general labor and employment
  • Served on several nonprofit boards, served as counsel to many nonprofits, and served as president of the Palarna Settlement Board
  • J.D. degree, University of California, Hastings College of Law; B.B.A. degree, University of Hawaii
  • Can be contacted at 808-521-9200 or [email protected]
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Why Lorman?

Over 32 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 379076
Published 2013
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