Don’t just stand by if your nonprofit’s members aren’t renewing or automatic monthly donors are dropping off. Give stakeholders reasons to support you even if they’re concerned about economic uncertainty.
Read More
Can college financial aid trigger a tax bill? Here are the tax rules for scholarships, fellowships, tuition discounts, work-study programs and other types of financial aid.
Read More
To help justify your business expenses, it’s important to keep careful business records. Here are some DOs and DON’Ts based on a recent court case.
Read More
The deductibility of research and experimental expenses is limited for businesses. However, The One, Big, Beautiful Bill may significantly improve the deduction. Here’s the story.
Read More
It’s a win-win: tax benefits for donors and financial support for your nonprofit. Learn why you need to talk to potential contributors about qualified charitable distributions.
Read More
There are many hurdles to overcome in estate planning. They can include potential estate taxes, complex tax laws and a lengthy probate process, among other things. But the biggest obstacle is often self-imposed: procrastination.
Read More
Are you 65 or older and paying Medicare premiums? You may qualify for a valuable tax break. Find out if it makes sense to itemize deductions and include medical expenses on your 2025 return.
Read More
Curious how The One, Big, Beautiful Bill could affect taxes for you and your family? Here are seven key tax breaks in the bill and what they could mean for you.
Read More
You’ve probably heard about The One, Big, Beautiful Bill in Congress. If enacted, what does it mean for your business?
Read More
Discover how a living trust can help you avoid probate, protect your privacy and simplify the transfer of your assets.
Read More
A consistent revenue stream is critical for your nonprofit’s short-term budgeting and its long-term sustainability. Take some tips from auditors and review your revenue now.
Read More
Under the proposed One, Big, Beautiful Bill, the federal gift and estate tax exemption would permanently increase to $15 million and be indexed annually for inflation.
Read More
The gig economy offers many benefits. It also comes with tax responsibilities that workers need to manage proactively to avoid penalties.
Read More
How honest is your investment advisor? Nonprofits must be able to say, “very!” Investment fraud is on the rise and organizations need to protect themselves. Here’s how to go about it.
Read More
Taking care of loved ones in your estate plan should include the four-legged variety. Here’s how to address your pets in your estate plan.
Read More
Even though family members generally aren’t personally liable for any remaining debt of a deceased loved one, that debt doesn’t simply disappear.
Read More
If you receive a court award or out-of-court settlement, do you have to pay tax on it? The answer is … it depends.
Read More
At a time when every dollar counts, your nonprofit doesn’t want to end up with a UBIT bill. So be careful when accepting corporate sponsorships because some can be risky.
Read More
Just because you filed your 2024 tax return doesn’t mean the questions about it stop. Here are some answers.
Read More
Through a Chief Counsel Advice memo, the IRS indicates that more fraud victims can claim a theft loss deduction than previously known.
Read More