How prepared are your nonprofit and its staffers for an unexpected outpouring of support? Sudden interest could take down your website, or worse. We discuss how to be ready.
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Even with the gift and estate tax exemption amount reaching more than $12 million for 2022, making lifetime gifts continues to be a beneficial estate planning strategy.
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There are many reasons besides emergencies for nonprofits to consider taking out loans. We discuss them as well as where to look for funding and how to get approved.
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If you have a flexible spending account, you may want to schedule a trip to the dentist, buy new eyeglasses or have elective medical procedures performed. Here’s why.
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Allocating year-end tax planning time now can prove beneficial come tax filing time next year.
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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.
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If you’re concerned about your 2021 tax liability, consider these year-end tax planning strategies.
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Congress has passed the Infrastructure Investment and Jobs Act. Find out what tax-related provisions have been built into the new law.
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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.
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Feeling generous this year? Here are the basic rules for charitable contributions and gifts to loved ones.
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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.
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There are many factors to consider when choosing a business entity. Here are just a few.
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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.
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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.
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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.
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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.
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Much can change over one’s lifetime (personal circumstances and tax laws), making estate planning difficult. Building flexibility into your plan is key.
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Having trouble fundraising in today’s fraught environment? Make sure your nonprofit’s stakeholders, particularly its board members, are making personal appeals.
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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.
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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.
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