Many mature nonprofits may emerge from the pandemic relatively unscathed. But getting back to “normal” probably means recognizing new challenges. These include the need to identify growth opportunities.
Read More
If you’re concerned about your 2021 tax liability, consider these year-end tax planning strategies.
Read More
Congress has passed the Infrastructure Investment and Jobs Act. Find out what tax-related provisions have been built into the new law.
Read More
What do nonprofit board members need to make decisions? The right information. To ensure your board has what it requires, funnel the following financial and strategic material through your executive director.
Read More
Feeling generous this year? Here are the basic rules for charitable contributions and gifts to loved ones.
Read More
Regardless of your age, health or net worth, or of any trusts you may have, if you want to have a say in what happens to your minor children and all of your wealth after you’re gone, you need a will.
Read More
There are many factors to consider when choosing a business entity. Here are just a few.
Read More
Looking for a flexible, tax-advantaged option for providing health care coverage at your business? Consider a Health Savings Account. Employers and employees can benefit.
Read More
Instead of waiting to see if donors will ask for their money back, take steps to prevent such requests. Learn when your nonprofit should return a donation and what your refund policy should say.
Read More
If you’re fortunate to have an employer offering a 401(k) plan, you may wonder if you should participate. Here are the basic features of these plans.
Read More
Business owners and their employees don’t have to pay Social Security tax on all their wages. Amounts above a certain threshold aren’t subject to Social Security tax. The “wage base” for 2022 was recently announced.
Read More
Much can change over one’s lifetime (personal circumstances and tax laws), making estate planning difficult. Building flexibility into your plan is key.
Read More
Having trouble fundraising in today’s fraught environment? Make sure your nonprofit’s stakeholders, particularly its board members, are making personal appeals.
Read More
In 2021, if you pay a household worker cash wages of $2,300 or more, you must withhold and pay Social Security and Medicare taxes. Learn about what this amount will be for 2022, as well as the tax obligations for household workers.
Read More
Your business may gain substantial tax benefits with a cost segregation study, but they’re not right for everyone. Here’s how this strategy can help accelerate depreciation tax deductions on the building that houses your operation.
Read More
Choosing the “wrong” executor could cause a multitude of problems for your family.
Read More
In the past, nonprofits that wanted to merge with another entity or enter into a joint venture faced a difficult process. Now, restructuring can be as easy as completing an annual Form 990. Learn more.
Read More
A special federal income tax break is available if you rent your vacation home for less than 15 days during the year. Here are the rules.
Read More
With fall foliage here in many areas, it’s time for businesses to start thinking about year-end tax strategies. It’s also time to think about the fourth quarter 2021 tax filing deadlines.
Read More
The IRS has announced the special “per diem” rates that became effective Oct. 1, 2021. Here are the basics of these rates.
Read More