If you have Medicare insurance (including supplemental), you know it can be expensive to get the coverage you want. But you may be able to deduct the cost of premiums, along with other medical expenses, on your tax return. Here are the rules.
Read MoreOn the road again for business? Here’s a rundown of costs you can deduct for business travel.
Read MoreYour nonprofit doesn’t have to tackle big, complicated social challenges alone. Collective impact initiatives bring charities, businesses and communities together. Here’s how.
Read MoreTax planning is still important after you retire. Here are some of the tax implications of retirement.
Read MoreFrom financial oversight to risk management to avoiding conflicts of interest, there’s a lot that nonprofit board members need to know. Here’s a quick summary.
Read MoreAlthough you might want to enjoy the lazy days of summer, employers and businesses should be careful not to miss these third quarter 2021 tax deadlines.
Read MoreTo help ensure the safety of their people and limit property damage, all organizations need to prepare for possible disasters. But some organizations need to plan more extensively. Is yours one of them?
Read MoreIf you’re subject to the 3.8% net investment income tax, you should include it in your tax planning. Here is who the tax applies to and some strategies to minimize it.
Read MoreAre you a business owner with teenage or college-age children who constantly need cash? You may want to hire them to work at your business. You’ll save taxes and realize other benefits.
Read MoreThere are worthwhile reasons for nonprofits to merge. But it’s also important to remember that mergers can fail. Read on for the pros and cons.
Read MoreBusiness owners that operate as an S corporation are subject to income tax, but not self-employment tax, on their share of the entity’s income. Here’s how the rules work.
Read MoreNonprofit board retreats enable members to move past the mundane topics of regular meetings and get creative. Here’s how to plan a safe and successful in-person retreat.
Read MoreEmployee or independent contractor? That’s the question businesses ask when they bring on certain workers. Here are the basic rules to help keep you out of tax trouble.
Read MoreThe pandemic has caused some people to turn to “gig” work to make up for lost income. Here are the tax consequences of taking on these jobs.
Read MoreIf you’re trying to keep straight all of the tax proposals the Biden administration has recently announced, here’s a handy guide.
Read MoreNew rules for nonprofits to report gifts in kind (such as land or services) take effect for annual periods starting after June 15. So if you haven’t already familiarized yourself with the rules, now’s the time.
Read MoreAmericans got extra time to file their tax returns this year, but the deadline is looming. Here’s what to do if you’re not ready.
Read MoreSome employers offer educational assistance plans as a recruitment and retention tool. Here are the rules to help ensure the fringe benefit is tax free to employees.
Read MoreWhat could President Biden’s tax proposals mean for you? Here’s a brief rundown of the “American Families Plan.”
Read MoreThe IRS imposes penalties for failing to pay taxes due and failing to file required tax returns. With the May 17 filing deadline coming up, it’s a good time to review the amount of the penalties.
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