Andy Powell was featured in a Forbes article about building a 501(c)(3) in retirement.
Andy was quoted extensively throughout the article on creating a 501(c)(3) to shift income tax liability. He discusses the tax advantages and benefits for C Corporation and pass-through entities, too, and the IRS requirements and limitations.
Andy, CPA, is a partner with over 30 years of experience in accounting and audit services. He has extensive experience providing CFO, assurance and management consulting services to a wide variety of not-for-profit organizations, including associations and public charities as well as government contractors. In addition, Andy has extensive experience with indirect cost rate determination, the DCAA audit process and compliance under the FAR.
Read the feature here: Entrepreneurs, Is A 501(c)(3) In Your Retirement Future?
This publication contains general information only and Sikich is not, by means of this publication, rendering accounting, business, financial, investment, legal, tax, or any other professional advice or services. This publication is not a substitute for such professional advice or services, nor should you use it as a basis for any decision, action or omission that may affect you or your business. Before making any decision, taking any action or omitting an action that may affect you or your business, you should consult a qualified professional advisor. In addition, this publication may contain certain content generated by an artificial intelligence (AI) language model. You acknowledge that Sikich shall not be responsible for any loss sustained by you or any person who relies on this publication.
About the Author
Sikich
Sikich is a global company specializing in technology-enabled professional services. With more than 1,900 employees, Sikich draws on a diverse portfolio of technology solutions to deliver transformative digital strategies and is comprised of one of the largest CPA firms in the United States. From corporations and not-for-profits to state and local governments and federal agencies, Sikich clients utilize a broad spectrum of services* and products to help them improve performance and achieve long-term, strategic goals. *Securities offered through Sikich Corporate Finance LLC, member FINRA/SIPC. Investment advisory services offered through Sikich Financial, an SEC Registered Investment Advisor.
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