What is the best choice of entity for a new business venture? It might be an S corporation. Here’s why.
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Everyone knows about the $1,400 checks earmarked for qualified individuals. But what does the American Rescue Plan Act propose for struggling nonprofit organizations? We review the highlights.
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Because the American Rescue Plan Act is such an expansive piece of legislation, it’s likely you, your family or your business can benefit from it.
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Are you eligible to receive direct payments under the new law that passed on March 11?
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You’ve probably heard about the new law that provides direct payments to eligible individuals. But what does the law provide to businesses?
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The latest COVID-19-related stimulus bill, the American Rescue Plan Act, has now passed. How can you benefit?
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Benchmarking provides critical information when developing and executing strategic plans. So if your nonprofit doesn’t use financial metrics, you may be flying blind. Here’s how to get started with benchmarks
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For tax purposes, there are many ways to conduct a business. For example, you may operate as an S corporation or a partnership. But many new ventures start out as sole proprietorships. Here are some tax considerations involved in operating with that entity.
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If you wish to leave an educational legacy for future generations, consider using a family education trust.
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Three months, six months, 12 months? When rebuilding your nonprofit’s operating reserves, how much in expenses should you try to put aside? It may determine how well you survive the next crisis.
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Saving for retirement can help make your future brighter. Recent tax law changes might allow you to save more with your IRA or retirement plan.
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The Work Opportunity Tax credit was set to expire on Dec. 31, 2020. But a law passed late last year extends it through Dec. 31, 2025. Here’s how employers can benefit if they’re hiring.
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The Biden Administration has announced five specific reforms to the Paycheck Protection Program that are intended to benefit small businesses.
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Saving now for retirement is one of the best moves you can make to help ensure financial security. If you’re eligible, you still have time to contribute to an IRA or SEP and save on your 2020 tax return.
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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.
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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
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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?
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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.
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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.
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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.
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