Do you need to file a gift tax return this year? It depends on the type of gifts you made.
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Traditional or Roth IRA? Here are the differences in these retirement savings accounts.
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Entrepreneurs be aware: Not all start-up expenses can be deducted on your federal tax return right away. Some may have to be amortized over time.
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Help speed processing and avoid hassles this tax season with these tips.
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Is now a good time for your nonprofit to launch a capital campaign? For starters, you’ll need supportive stakeholders and strong leadership. Here are some other essentials for a successful campaign.
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Appointing the right trust protector is critical. Given the power he or she has over your family’s wealth, you’ll want to choose someone whom you trust and who’s qualified to make financial decisions.
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A careful approach to keeping business records can protect your tax deductions and help make an IRS audit much less difficult. Here are two cases to illustrate some of the issues involved.
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Want to get your tax return sooner and protect yourself from tax identity theft? File your tax return early
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How much can your employees contribute to 401(k) plans this year? How much will your business be able to deduct for business meals, driving expenses and equipment in 2022? Here are the answers to these and other questions about tax inflation adjusted amounts and other changes affecting businesses.
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Smaller nonprofit boards generally communicate more effectively and are more cohesive. Larger boards tend to have broader expertise. So how big (or small) should your organization’s board be?
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Most nonprofits prefer unrestricted gifts, but you probably don’t want to say “no” to donations that come with a few strings. Just make sure you handle restricted gifts with care. Here’s how.
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One of your new year’s resolutions may be to take better care of your health. But can you deduct your out-of-pocket medical costs on your tax return?
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Charitable giving is picking up and there are other signs that suggest 2022 will be less challenging for nonprofits. But to help ensure your nonprofit can overcome obstacles, consider taking these three financial steps.
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Can a charitable remainder trust achieve similar results as the formerly available “stretch” IRA?
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It’s easy to see why small charitable projects seek fiscal sponsorships, but your established nonprofit may also benefit from sponsoring a group. Learn more about fiscal sponsorships.
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A divorce is a life event that calls for an estate plan review and possible revisions.
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If you’re going to receive a personal injury or discrimination settlement or award, you want the best tax result possible. Here are the basic rules of when amounts are tax free or taxable.
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Manager involvement is essential to helping prevent credit card abuse. If you allow staffers to use your nonprofit’s card, make sure they understand how they’re authorized to use it. To craft a card use policy, read on.
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Ever wonder how much of a tax break you’d get if you bought a private plane for your business? Here are the basic rules.
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Before you know it, we’ll be ringing in 2022. You may still have time to reduce your 2021 federal tax liability by taking these steps.
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