Understanding self-employment tax is essential whether you’re a sole proprietor, partner, LLC member or employee with a side hustle. Learn how the rules work and explore ways to potentially lower the burden.
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Missing documents. Unexplained balances. Unposted adjustments. Small loose ends like these can cause significant audit delays. Learn which steps can help your nonprofit keep fieldwork and reporting deadlines on track.
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Implementing these year-end tax strategies may reduce your 2026 income tax liability.
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New IRS-approved “per diem” rates took effect on Oct. 1, 2026. Learn how these rates can simplify expense reporting and help you manage business travel costs.
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With a handful of paychecks left in 2026, you may still have time to increase your 401(k) contributions and either cut your 2026 taxes or provide yourself with tax-free retirement income.
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Some generous donations come with strings attached. Can your organization honor them? Learn how to document donor restrictions, monitor spending and recognize gifts that may be too restrictive to accept.
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Jan. 1 will arrive before you know it. Developing a year-end tax plan for your business that supports both your immediate tax-saving goals and long-term financial objectives is critical. Here are five strategies to jump-start your planning.
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Hard-to-value gifts can raise red flags with the IRS. A properly structured defined-value gift can help prevent the gift from triggering a tax assessment later.
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The IRS and U.S. Treasury Department have been issuing temporary regulations for Section 530A accounts (also known as “Trump Accounts”). Here are the specifics.
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Without careful estate planning, inheritance laws may distribute assets differently than members of blended or nontraditional families anticipate.
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A pledge made today. A payment later. What belongs on the books in between? Learn how your nonprofit should recognize, document and value charitable pledges, and avoid common accounting missteps.
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Does your teenager have a part-time job or earn income from babysitting, yardwork or other self-employment? An IRA can provide an early start on decades of tax-advantaged saving.
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A special needs trust allows you to leave as much as you can for a family member with disabilities without negatively affecting government benefits.
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Small business owners: Are you at risk for an IRS audit? How should you respond if you receive an IRS examination notice? Find the answers and discover ways to make the process more manageable.
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If the 3.8% net investment income tax could be on your horizon, there are ways to reduce its impact.
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If you’re planning to sell your business, receiving the purchase price over time may allow you to spread your gain — and the related tax — over several years. Let’s review the pros and cons of installment sales.
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The Doug LaMalfa Federal Disaster Tax Relief Certainty Act extends expanded personal deductions for disaster-related losses and exclusions of qualified wildfire relief payments from taxable income. Learn about the details.
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Does your estate plan benefit your grandchildren or other loved ones more than one generation below you? If so, your plan must address not only gift and estate taxes, but also the generation-skipping transfer (GST) tax.
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A lawsuit can threaten more than your nonprofit’s financial health and reputation. Learn how D&O insurance can protect board members and executives — and which policy details matter most.
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Got crypto? Small business owners should beware of tax surprises when dealing with cryptocurrencies.
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