Williams Parker Attorneys at Law Sarasota Attorneys
  • Shareholder Selected Top Lawyer
    in Appellate Law

    American Lawyer Media and Martindale-Hubbell recently named David A. Wallace a “2014 AV Preeminent® Top Rated Lawyer in Appellate Law.” He is featured as a "Top Rated Lawyer" in the July 28, 2014 issue of the Daily Business Review. Attorneys receiving the “AV Preeminent®” peer review rating have achieved significant leadership status and are highly regarded by their peers for both their legal ability and high ethical standards.

    Mr. Wallace is board certified in appellate law, and his primary areas of practice include appeals in both State and Federal Courts and civil litigation.

  • Florida Charities Subject
    to New Obligations

    Amendments made during the 2014 Legislative Session to the Florida Solicitation of Contributions Act (the “Act”), and which became effective July 1, 2014, increase the oversight and regulation of charitable organization, sponsors, professional fundraising consultants, and professional solicitors. The Act generally regulates certain persons and organizations conducting solicitation activities. Among the many changes to the Act are:

  • $500K Tax Refund
    Obtained for Clients

    After several unsuccessful attempts by their CPA to defeat an IRS assessment for approximately $500,000, a husband and wife engaged WP for help. Based on our advice, the clients paid the assessed tax to the IRS and we filed two refund claims on their behalf. Mike Wilson presented the case before the IRS representatives handling the refund claims and, after several months, the IRS agreed this month to grant both refund claims and refunded almost $500,000 to our very happy clients.

Florida Charities Subject to New Conflict of Interest and Financial Reporting

Michael J. Wilson

Amendments made during the 2014 Legislative Session to the Florida Solicitation of Contributions Act (the “Act”), and which became effective July 1, 2014, increase the oversight and regulation of charitable organization, sponsors, professional fundraising consultants, and professional solicitors.  The Act generally regulates certain persons and organizations conducting solicitation activities.  Among the many changes to the Act are:

  1. Conflict of Interest.  Charities subject to the Act are now required to adopt a conflict of interest policy for transactions between the charity and certain related parties, such as directors, officers, and trustees of the charity.  These persons must annually certify that they are in compliance with the conflict of interest policy, and a copy of such annual certification must be submitted to the Department of Agriculture and Consumer Affairs (the “DACA”) along with the charity’s annual registration statement provided to the DACA.
  2. Annual Financial Statements and Reports.  Charities subject to the Act previously could elect to include audited financial statements with their annual DACA registration statement.  However, the new law now requires most charitable organizations to file a tax return and financial statements.
  3. Supplemental Information.  Charities with more than $1 million in total revenue and that spent less than 25% of their total annual functional expenses on program services costs must file supplemental information with DACA regarding the funding of administrative functions, including salary and travel expense information, identifying the name and sum paid to all employees, consultants, and service providers in excess of $100,000, and reporting transactions between the charity and officers, directors, and trustees (including immediate family members and related entities).

An article on the recent amendments to the Act can be found here:
Amendments to Charitable Solicitations Act - 2014

For more information regarding this article, please contact Mike Wilson.  You can speak to Mike Wilson at (941) 536-2043 or mwilson@williamsparker.com.

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