If you’re a single parent, it’s time to review your estate plan.
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New nonprofits must ask the IRS to recognize their tax-exempt status. But should you file Form 1023 or Form 1023-EZ, the easier, less expensive option? Here’s some information to help you decide.
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Adopting a child? You know there can be many steep expenses. Fortunately, there may be valuable tax breaks for parents. Here are the relevant amounts for 2024 and 2025.
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Properly managing the tax treatment of intangible assets is vital for businesses to maximize tax benefits and ensure compliance with tax regulations.
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Properly addressing intellectual property in your estate plan can be complex. Here are some planning tips.
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Your nonprofit may benefit from collaborative projects with similar organizations. But remember, you’re vying with both direct and indirect competitors for limited resources.
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How does your federal tax bill affect Medicare insurance premiums? How much will monthly Medicare premiums be in 2025? Here are the answers to those and other questions.
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The average price of gas is down more than 20 cents per gallon from a year ago. That may affect the tax deductions for local transportation costs that your business can claim for 2024. Here’s what you can write off.
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Regardless of your age, health and net worth, you need a will if you want to have a say in what happens to your children and your wealth after you’re gone.
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The deadline is fast approaching for many small businesses to file beneficial ownership information reports. Here’s a brief reminder of who must report and how to do so.
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Health Savings Accounts allow you and your employees to set aside money on a pre-tax basis to pay for qualified medical expenses. Here’s a look at what an HSA could mean for your business, as well as the inflation-adjusted amounts for 2024 and 2025.
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A federal court has struck down a new rule regarding the salary threshold for determining whether employees are exempt from federal overtime pay requirements.
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Inflation has slowed down considerably in the last couple of years. What does this mean for your federal tax bill? Here are the inflation-adjusted amounts for several provisions in 2025, compared to 2024.
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Do you know the rules for filing a gift tax return?
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As in life, so it is with nonprofit special events: Hope for the best but prepare for the worst. This starts with implementing a comprehensive crisis management plan.
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Implementing tax-reduction strategies now can pay off the next time your company files its tax return.
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For a married couple, are two revocable trusts better than a joint revocable trust?
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If you’re worried about funding your nonprofit’s many priorities, apply to foundations. Follow these tips to help ensure grant-seeking success.
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Are you thinking about buying a new exterior door or rooftop solar panels? How about an electric vehicle? You may want to act soon because President-Elect Donald Trump has pledged to terminate a law providing valuable tax credits for these and other energy-saving purchases.
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You’re probably familiar with the self-employment tax if you own a business. Here’s a refresher on how it works, how it will increase and whether there’s anything you can do to reduce it.
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