If you wish to leave an educational legacy for future generations, consider using a family education trust.
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Three months, six months, 12 months? When rebuilding your nonprofit’s operating reserves, how much in expenses should you try to put aside? It may determine how well you survive the next crisis.
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Saving for retirement can help make your future brighter. Recent tax law changes might allow you to save more with your IRA or retirement plan.
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The Work Opportunity Tax credit was set to expire on Dec. 31, 2020. But a law passed late last year extends it through Dec. 31, 2025. Here’s how employers can benefit if they’re hiring.
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The Biden Administration has announced five specific reforms to the Paycheck Protection Program that are intended to benefit small businesses.
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Saving now for retirement is one of the best moves you can make to help ensure financial security. If you’re eligible, you still have time to contribute to an IRA or SEP and save on your 2020 tax return.
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Business owners may be able to save tax with home office deductions. If you’re working from home (like lots of people these days), you may qualify. Here’s a rundown of the rules.
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A good social media influencer can increase awareness of your nonprofit and generate donations. The wrong one can irreparably hurt your reputation. Here’s how to build a lasting influencer relationship
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In order to claim a charitable deduction on your tax return of $250 or more, you need a written acknowledgment from the charity. What if you haven’t received one yet for a charitable donation you made in 2020?
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Buying or selling a business may be the largest transaction you’ll ever make. Pay attention to taxes. After a deal is done, it may be too late to get the best tax results.
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Nonprofit accounting systems can become inefficient and less effective over time if they aren’t monitored. You should regularly review your accounting function for these potential upgrades.
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How much can you contribute to an IRA for 2021? How much is the standard deduction? Here are some Q&As about these and other tax-related amounts for 2021.
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How much do your employees have to earn in 2021 before they can stop paying Social Security tax? How much can they contribute to 401(k) plans this year? Here are the answers to these and other questions about tax-related inflation adjustments and changes affecting businesses.
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The commerciality doctrine was created to address concerns over nonprofits competing at an unfair tax advantage with for-profit businesses. It could trip up your organization if you’re not careful. Read on.
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Thinking about buying a new electric vehicle? While you’re considering factors like acceleration and the range of the battery before recharging, check out the federal tax break that may be available.
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The price of gas is down from a year ago. How does this affect the amount your business can deduct for business driving in 2021?
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A filing requirement is coming up if your business pays independent contractors or makes other payments.
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If you’re required to take distributions from a retirement plan, you may have received a respite in 2020, but you must begin taking them again this year.
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It’s not enough to maintain your current supporter base. You also need to grow it. Here are five tips for attracting positive attention with your news releases and other communications.
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How can your business benefit from the Consolidated Appropriations Act of 2021?
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