Philanthropy

Education Secretary Betsy DeVos is riding to the rescue of a private-school tax break that was ensnared in a bitter fight between the Treasury Department and Democratic states that sought to circumvent caps on state and local deductions under the Trump tax overhaul.

North Carolina firm DMJ & Co. also participated in a local 'Polar Plunge' to benefit the Special Olympics.

Since the Tax Cuts and Jobs Act passed at the end of 2017, more CPAs, as well as attorneys and financial advisors, have recommended their clients establish DAFs.

A Warren Averett staffer is named Atlanta Habitat chairperson; Friedman LLP participates in a local Equinox Cycle for Survival charity ride; and the Bonadio Group donates to two local Habitat for Humanity chapters.

NJCPA CEO Ralph Thomas will also discuss property taxes and field questions on a live PBS session.

Baker Tilly partner Susan Teicher also joined Women in Need's board of directors.

A Henry+Horne senior manager volunteered with the Foundation for Blind Children, and Stephano Slack delivered gifts to Devereux Behavioral Health.

AAFCPAs' 'Giving Tuesday' also raised $31K for local charities, and Marks Paneth's Parsippany office donated gifts to the Salvation Army.

The New Jersey Society of CPAs also donated over 3,700 pounds of food to local food banks.

Katz, Sapper & Miller also held its ninth annual Day of Service.