There are several ways for your nonprofit to enlist the support of corporate America. One of these is cause marketing. Here’s what it is and how it’s different from other partnerships.
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If your corporation defaults on a loan that you guarantee, you don’t want to be blindsided by the tax implications.
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If your child receives a scholarship, is the amount taxable income? Here are the rules.
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Certain types of businesses receive large payments of cash. They may be required to report the transactions to the IRS. Here are the rules.
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The SBA has eased the process of forgiving a PPP loan. Here’s how.
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Worried about your nonprofit’s impending audit? Don’t be. Follow these five tips for preparing for a stress-reduced audit.
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Long-term care, including nursing home care, is expensive. Fortunately, there may be tax breaks if your parent is moving into a nursing home.
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To maintain strong cash flow and make fundraising a continuous effort, your nonprofit needs a strategic fundraising plan. Learn how to create one.
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If you spend money personally on behalf of your closely held corporation, you want to make sure either you or the business can deduct the expense. Here are the rules.
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Have you inherited assets or are you planning your estate? If so, it’s crucial to understand the current “step-up” basis rules and why they might change.
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Which HR functions could your nonprofit potentially outsource? Here’s how to identify them and determine the benefits and drawbacks of engaging an outside service provider.
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Distinctions between taxable advertising and nontaxable sponsorships can be nuanced. Before seeking new income sources, figure out if they’re potentially subject to unrelated business income tax.
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Are you an investor or a trader? The difference is important for tax purposes.
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The IRS will impose the “Trust Fund Recovery Penalty” on certain business owners and managers personally if employment taxes aren’t paid to the government. Find out if you could be liable.
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Accepting cryptocurrency donations may seem risky. Price volatility is indeed a risk. But there are also ways for nonprofits to manage it. This article discusses them as well as reporting responsibilities.
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An IRS audit seems scary but may be nothing to worry about. In many cases, the IRS closes an audit after receiving requested documentation. Here are the latest IRS statistics, as well as some tips on how to help come out of an audit with a favorable result.
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Owners of “pass-through” businesses can claim a valuable tax deduction that was created by a 2017 law. Here’s how much it’s worth and who is eligible.
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If you have Medicare insurance (including supplemental), you know it can be expensive to get the coverage you want. But you may be able to deduct the cost of premiums, along with other medical expenses, on your tax return. Here are the rules.
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On the road again for business? Here’s a rundown of costs you can deduct for business travel.
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Your nonprofit doesn’t have to tackle big, complicated social challenges alone. Collective impact initiatives bring charities, businesses and communities together. Here’s how.
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