Ever wonder how much of a tax break you’d get if you bought a private plane for your business? Here are the basic rules.
Read More
Before you know it, we’ll be ringing in 2022. You may still have time to reduce your 2021 federal tax liability by taking these steps.
Read More
To prevent excess benefit transactions (such as certain purchases from insiders) from occurring in your nonprofit, educate stakeholders. Here’s how to communicate the concept.
Read More
The sun has set on the valuable Employee Retention Credit. Here’s what happened.
Read More
Buried in the infrastructure law that was just enacted is a change in the way cryptocurrency transactions are reported to the IRS.
Read More
Can estate planning benefits convince you to convert your traditional IRA to a Roth IRA?
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
Allocating year-end tax planning time now can prove beneficial come tax filing time next year.
Read More
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