Don’t panic if you get a letter from the IRS telling you your tax return is being audited. In many cases, the IRS completes audits after receiving requested documentation. Here are the latest IRS statistics, as well as some tips on how to help survive an audit.
Read MoreGood PR can mean many things. But for a public charity, it means frequently, rather than occasionally, using the media to communicate with prospective supporters about successes, challenges and opportunities.
Read MoreIf you do business with virtual currency, it’s time to bone up on related tax requirements. The IRS is paying closer attention.
Read MoreIf you’re married and don’t earn compensation, you may think you can’t contribute to a retirement plan. But you may be eligible for a spousal IRA. Here are the rules for 2023.
Read MoreYou might want to enjoy the lazy days of summer, but employers and businesses need to make sure not to miss these third-quarter 2023 tax deadlines.
Read MoreWho needs benchmarking? You, your nonprofit’s employees and board of directors do! We explain how best to measure performance to reach mission-critical goals.
Read MoreWith careful planning, a spousal lifetime access trust may offer the best of both worlds: the ability to make the most of the current federal gift and estate tax exemption while retaining some access to your wealth.
Read MoreSeniors who have Medicare insurance (including supplemental) know that it can be costly to get the desired coverage. If this is your situation, you may be able to deduct the cost of premiums, along with other medical expenses, on your tax return.
Read MoreChoosing your child’s guardian can be difficult. These steps can help.
Read MoreAccounting inefficiencies and errors can cost your nonprofit time and money. Here’s how to root out and repair less-than-perfect processes.
Read MoreIn addition to regular income tax, high-income taxpayers may face the 3.8% net investment income tax. This article explains who the tax applies to, as well as some strategies to minimize it.
Read MoreWith a financial crisis averted, let’s take a look at the highlights of the Fiscal Responsibility Act.
Read MoreHere’s a rundown of the tax deductions you can claim for business travel.
Read MoreYou’ve probably heard that you should avoid probate in estate planning. But what does that mean and how is it done?
Read MoreKeeping careful business records for meal and vehicle expenses can safeguard your tax deductions. Here are some DOs and DON’Ts.
Read MoreWhether your nonprofit uses cash basis or accrual basis accounting can affect the likelihood that your financial statements will need to be adjusted at year end.
Read MoreDon’t ignore tax planning after you retire. Here are some of the tax implications of retirement.
Read MoreHave you coordinated your estate plan with your spouse’s?
Read MoreWhen it comes to your estate plan, there’s simply too much risk involved in taking shortcuts. Rather than relying on do-it-yourself solutions, have your documents drafted and executed by a reputable attorney.
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