How does your federal tax bill affect Medicare insurance premiums? How much will monthly Medicare premiums be in 2025? Here are the answers to those and other questions.
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The average price of gas is down more than 20 cents per gallon from a year ago. That may affect the tax deductions for local transportation costs that your business can claim for 2024. Here’s what you can write off.
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Regardless of your age, health and net worth, you need a will if you want to have a say in what happens to your children and your wealth after you’re gone.
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The deadline is fast approaching for many small businesses to file beneficial ownership information reports. Here’s a brief reminder of who must report and how to do so.
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Health Savings Accounts allow you and your employees to set aside money on a pre-tax basis to pay for qualified medical expenses. Here’s a look at what an HSA could mean for your business, as well as the inflation-adjusted amounts for 2024 and 2025.
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A federal court has struck down a new rule regarding the salary threshold for determining whether employees are exempt from federal overtime pay requirements.
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Inflation has slowed down considerably in the last couple of years. What does this mean for your federal tax bill? Here are the inflation-adjusted amounts for several provisions in 2025, compared to 2024.
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Do you know the rules for filing a gift tax return?
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As in life, so it is with nonprofit special events: Hope for the best but prepare for the worst. This starts with implementing a comprehensive crisis management plan.
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Implementing tax-reduction strategies now can pay off the next time your company files its tax return.
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For a married couple, are two revocable trusts better than a joint revocable trust?
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If you’re worried about funding your nonprofit’s many priorities, apply to foundations. Follow these tips to help ensure grant-seeking success.
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Are you thinking about buying a new exterior door or rooftop solar panels? How about an electric vehicle? You may want to act soon because President-Elect Donald Trump has pledged to terminate a law providing valuable tax credits for these and other energy-saving purchases.
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You’re probably familiar with the self-employment tax if you own a business. Here’s a refresher on how it works, how it will increase and whether there’s anything you can do to reduce it.
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As the holidays approach, understand the IRS’s rules for properly substantiating your charitable gifts.
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How might President-Elect Trump’s policies affect your taxes going forward?
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The period between Thanksgiving and New Year’s Day generally is a critical fundraising season. Don’t let fraud undermine your hard work and eat into your nonprofit’s revenues. Here’s what you need to know.
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You want to unlock the best possible tax results when exercising employer-issued nonqualified stock options.
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The tax-advantaged retirement plan contribution amounts will increase less next year than in previous years due to easing inflation. However, many will still go up slightly. Find out how much you can contribute to 401(k)s, SEP plans, IRAs and more.
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