Certain “small” businesses have a choice of using cash or accrual accounting for tax purposes. If you’re one of them, which route should you take?
Planning opportunities often become more limited as the end of the year approaches. Reviewing your tax picture midyear gives you more time to take steps to reduce or defer taxes.
Merging with another nonprofit can expand mission impact while strengthening operations and improving financial resilience. But it can also create challenges. Before you take the leap, consider these critical issues.
Not all intangible assets are created equal in the eyes of the IRS. Learn the federal income tax treatment for capital vs. noncapital self-created intangibles — and why the distinction matters to small business owners.
Fresh perspectives and trusted connections can help nonprofits grow smarter. Learn how a well-structured advisory board can help support your mission.
Estate planning tools such as powers of appointment can provide you peace of mind. How? You’ll know that a trusted individual will be able to adjust the distribution of your assets if needed to achieve your goals.
Small business owners: If you think your income is too high for you to qualify to make Roth IRA contributions, think again. Many self-employed individuals are eligible for contributions without realizing it.
Tax scams continue to evolve. Here are some common ones to watch for and how to avoid becoming a victim.
Many people assume that foreign assets they own aren’t relevant to their “U.S.” estate plans. But that’s not the case.
The IRS has issued final regulations that provide guidance on the tax deduction for qualified cash tips. Learn what’s new.