Could your business qualify for a valuable new depreciation tax break?
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If you’re concerned about your 2025 tax liability, consider these four year-end tax planning strategies.
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Taxpayers subject to the 15% or 20% long-term capital gains tax rate can still benefit from the 0% rate. Here’s how.
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Got the grant? Great! But before your nonprofit accepts the money, make sure it won’t result in administrative burdens and other unmanageable costs. Learn more.
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As a spouse and parent, you have the challenge of ensuring your spouse is provided for after your death while making certain there are assets left for your children’s inheritances. A qualified terminable interest proper (QTIP) trust may be the answer.
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Whether your nonprofit would be best served by a policy, working or hybrid style board of directors largely depends on your organization’s life stage and size. We explore the three models.
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Are you charitably inclined and looking for a powerful year-end tax-saving strategy?
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Don’t leave matching gift dollars on the table! Learn whether your nonprofit’s donors work for companies that match contributions and be tenacious when pursuing matched amounts.
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Don’t miss an opportunity to claim charitable deductions when making charitable gifts. The key is understanding the IRS’s substantiation rules.
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Several changes to information return and payroll tax reporting rules go into effect next year. Now is the time to become familiar with them.
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Autumn is a time of new beginnings, so your nonprofit should consider launching a volunteer recruitment drive. We suggest focusing on people in your community who live and work nearby. Read on for more recruiting tips.
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The new “senior” deduction can be a valuable tax saver for eligible taxpayers. But if your income might exceed the applicable phaseout threshold, you may need to take steps before year end to maximize your deduction.
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Does your business reimburse employees for travel expenses? Here’s what you need to know about “high-low” per diem rates.
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Are you paying proper attention to beneficiary designations for your retirement accounts, life insurance policies, and other “non-probate” assets? Failing to do so can result in unintentional asset distributions or legal disputes.
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Valuing tangible property donations to your nonprofit isn’t only important for donors’ charitable tax deductions. It’s also critical for the accuracy of your financial statements. Here’s how to get it right.
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The cost of nursing home care can be high. But you may be able to take advantage of certain tax benefits if your parent is transitioning into one.
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Guaranteeing a loan to your corporation? Without planning ahead, you may face unexpected tax implications.
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Is an irrevocable life insurance trust right for you?
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This year’s Giving Tuesday global fundraising event is scheduled for Dec. 2, 2025. Is your nonprofit ready?
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The One Big Beautiful Bill Act permanently allows the deduction of domestic research and experimental (R&E) expenses in the year incurred, starting with the 2025 tax year. The IRS has issued transitional guidance on the change.
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