Whether your nonprofit would be best served by a policy, working or hybrid style board of directors largely depends on your organization’s life stage and size. We explore the three models.
Read More
Are you charitably inclined and looking for a powerful year-end tax-saving strategy?
Read More
Don’t leave matching gift dollars on the table! Learn whether your nonprofit’s donors work for companies that match contributions and be tenacious when pursuing matched amounts.
Read More
Don’t miss an opportunity to claim charitable deductions when making charitable gifts. The key is understanding the IRS’s substantiation rules.
Read More
Several changes to information return and payroll tax reporting rules go into effect next year. Now is the time to become familiar with them.
Read More
Autumn is a time of new beginnings, so your nonprofit should consider launching a volunteer recruitment drive. We suggest focusing on people in your community who live and work nearby. Read on for more recruiting tips.
Read More
The new “senior” deduction can be a valuable tax saver for eligible taxpayers. But if your income might exceed the applicable phaseout threshold, you may need to take steps before year end to maximize your deduction.
Read More
Does your business reimburse employees for travel expenses? Here’s what you need to know about “high-low” per diem rates.
Read More
Are you paying proper attention to beneficiary designations for your retirement accounts, life insurance policies, and other “non-probate” assets? Failing to do so can result in unintentional asset distributions or legal disputes.
Read More
Valuing tangible property donations to your nonprofit isn’t only important for donors’ charitable tax deductions. It’s also critical for the accuracy of your financial statements. Here’s how to get it right.
Read More
The cost of nursing home care can be high. But you may be able to take advantage of certain tax benefits if your parent is transitioning into one.
Read More
Guaranteeing a loan to your corporation? Without planning ahead, you may face unexpected tax implications.
Read More
Is an irrevocable life insurance trust right for you?
Read More
This year’s Giving Tuesday global fundraising event is scheduled for Dec. 2, 2025. Is your nonprofit ready?
Read More
The One Big Beautiful Bill Act permanently allows the deduction of domestic research and experimental (R&E) expenses in the year incurred, starting with the 2025 tax year. The IRS has issued transitional guidance on the change.
Read More
Receiving an IRS notice doesn’t always mean bad news, and it doesn’t mean you’ve done something wrong. Many notices are informational or involve minor corrections. Here are five common notices and what they mean.
Read More
Will the IRS deem your intrafamily money transfer a loan or a gift? The devil is in the details.
Read More
Qualifying for a loan is typically challenging for nonprofits, but it may be even more so now. Here’s what you need to consider and assemble to make the most persuasive loan application.
Read More
Over age 50? Catch-up retirement contributions could make a huge difference in your future wealth. Here’s how.
Read More
Did your business receive more than $10,000 in cash? You may be required to file Form 8300 with the IRS. Learn what counts as “cash” and how to stay compliant.
Read More