Business owners may be able to save tax with home office deductions. If you’re working from home (like lots of people these days), you may qualify. Here’s a rundown of the rules.
Read More
A good social media influencer can increase awareness of your nonprofit and generate donations. The wrong one can irreparably hurt your reputation. Here’s how to build a lasting influencer relationship
Read More
In order to claim a charitable deduction on your tax return of $250 or more, you need a written acknowledgment from the charity. What if you haven’t received one yet for a charitable donation you made in 2020?
Read More
Buying or selling a business may be the largest transaction you’ll ever make. Pay attention to taxes. After a deal is done, it may be too late to get the best tax results.
Read More
Nonprofit accounting systems can become inefficient and less effective over time if they aren’t monitored. You should regularly review your accounting function for these potential upgrades.
Read More
How much can you contribute to an IRA for 2021? How much is the standard deduction? Here are some Q&As about these and other tax-related amounts for 2021.
Read More
How much do your employees have to earn in 2021 before they can stop paying Social Security tax? How much can they contribute to 401(k) plans this year? Here are the answers to these and other questions about tax-related inflation adjustments and changes affecting businesses.
Read More
The commerciality doctrine was created to address concerns over nonprofits competing at an unfair tax advantage with for-profit businesses. It could trip up your organization if you’re not careful. Read on.
Read More
Thinking about buying a new electric vehicle? While you’re considering factors like acceleration and the range of the battery before recharging, check out the federal tax break that may be available.
Read More
The price of gas is down from a year ago. How does this affect the amount your business can deduct for business driving in 2021?
Read More
A filing requirement is coming up if your business pays independent contractors or makes other payments.
Read More
If you’re required to take distributions from a retirement plan, you may have received a respite in 2020, but you must begin taking them again this year.
Read More
It’s not enough to maintain your current supporter base. You also need to grow it. Here are five tips for attracting positive attention with your news releases and other communications.
Read More
How can your business benefit from the Consolidated Appropriations Act of 2021?
Read More
Whether your nonprofit has only a handful, or hundreds, of staffers, communication can easily break down. Here’s how to keep the critical lines between your development and accounting departments open.
Read More
Learn how provisions of the new Consolidated Appropriations Act can benefit you and your loved ones.
Read More
Businesses received several favorable tax breaks in the COVID-19 relief bill that was recently signed into law. Here are just two of them.
Read More
Medical and dental costs are expensive and it’s hard to get a tax deduction for them. But you may qualify by including every eligible expense allowed. Here’s what it takes to get a deduction and how you might be able to benefit by moving certain expenses into 2020.
Read More
Tis the season for donations! Are you properly substantiating contributions with detailed acknowledgment letters to donors? Here’s what nonprofits need to include in thank-yous.
Read More
Have you been contributing enough to your employer’s 401(k) plan or Roth 401(k)? Here are the contribution limits for this year and the recently announced limits for 2021.
Read More