No nonprofit wants to have to lay off employees due to budget restrictions. Before you cut your staff, read our suggestions for reducing other expenses across your organization.
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If you’re getting a divorce, you know it can be a difficult process. You don’t want to make it worse by making decisions that will cost you more in taxes. Here are five issues to consider.
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Business owners: Are high gas prices getting you down? The IRS is providing some relief by raising the optional standard mileage rate for the last six months of 2022.
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If you’re preparing to send your child to college this fall, now is the right time to create a basic estate plan with the help of an advisor.
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Although your nonprofit can’t control the thoughts of criminally minded employees, you can make occupational fraud difficult to commit. The latest ACFE fraud report provides insights and tips.
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Because of the soaring price of gasoline, the IRS has increased the standard mileage rate for qualified business driving for the second half of 2022 from 58.5 cents per mile to 62.5 cents per mile.
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With the federal estate tax exemption currently so large, you may want to devote more time to saving income taxes for your heirs.
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The “dividends-received deduction” may take some of the bite out of a C corporation’s tax bill. Here’s how.
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There are a variety of tools to build flexibility into an estate plan. A power of appointment is a provision that permits another person to determine how, when and to whom certain assets in the estate or trust will be distributed.
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Even if your nonprofit’s executive director isn’t leaving immediately, it makes sense to have an executive search plan ready. Here’s how to build your plan.
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Some people are under the misconception that Social Security benefits are always free from federal income tax. So they may be surprised to learn that benefits may be taxed in retirement. Here are the rules.
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Transferring a family business to the next generation requires a delicate balancing act.
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Small businesses and start-ups engaging in research activities: Here’s a way to save on payroll taxes.
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Donors may automatically assume they can deduct the full amount of any charitable contribution. But what if your nonprofit provides goods or services in exchange for donations?
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If the value of your portfolio is down, you may want to turn the stock market downturn into a tax-saving opportunity. How? By converting a traditional IRA into a Roth IRA.
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An important deadline is coming up for quarterly federal estimated tax payments. Here are four methods for corporations to compute them.
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How effective are your nonprofit’s grant proposals? If you aren’t meeting with much success, you may need to change tack. Here’s how to research the grant, support your proposal and avoid pitfalls.
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A charitable lead trust provides a regular income stream to one or more charities during the trust term, after which the remaining assets pass to your heirs or other noncharitable beneficiaries.
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Do you own Series EE bonds? Take a look at the issue dates to see if the bonds are no longer earning interest. Here’s some information about how bond interest is taxed.
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Should your nonprofit board designate unrestricted assets? Board-designated assets can provide a foundation and help ensure that funds are available when you need them. However, there are responsibilities involved.
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