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Posts (787) March 12, 2020 Lease or Buy? Changes To Accounting Rules May Change Your Mind The rules for reporting leasing transactions are changing. Though these changes have been delayed until 2021 for private companies (and nonprofits), it’s important to know the possible effects on your financial statements as you renew leases or enter into new lease contracts. In some cases, you might decide to modify lease terms to avoid having… Read More September 22, 2021 House Ways and Means Committee Advances Tax Legislation The House Ways and Means Committee approved a tax package that would increase rates on high-net-worth individuals and corporations. Read More September 28, 2021 Is A Health Savings Account Right For You? If you’re an employee, you may be able to get a Health Savings Account with your employer. You can also open one of these tax-saving accounts through some banks and other financial institutions. Here are the basic rules. Read More March 16, 2022 Looking For A 2022 Business Safety Net? Act On EIDL Funding There’s still time to apply for COVID-19 Economic Injury Disaster Loan (EIDL) funding, but time is running short. Read More May 15, 2024 Weighing Potential Risks And Returns Of Alternative Investments Alternative investments can provide nonprofit investors with access to high-growth companies in cutting-edge industries. However, they can also create tax liability and involve risks that may be inappropriate for charities. Read More September 5, 2024 Estate Planning with a Qualified Personal Residence Trust Should you place your home in a qualified personal residence trust? Read More November 16, 2023 Some Businesses Have An Easier Path To Financial Statements Business owners: The accuracy of your financial statements is critical, but you have various options for how a CPA can evaluate them. Here’s a look at the two easiest approaches. Read More January 9, 2024 Pay Attention To Securities Laws When Planning Your Estate Some assets are easier to transfer than others. If your estate includes unregistered securities, there are complex federal securities laws and regulations to consider when drafting your plan. Read More June 2, 2020 Overcoming The Challenges Of Remote Auditing During The COVID-19 Crisis Many people are currently working from home to help prevent the spread of the novel coronavirus (COVID-19). Your external auditors are no exception. Fortunately, in recent years, most audit firms have been investing in technology and training to facilitate remote audit procedures. These efforts have helped lower audit costs, enhance flexibility and minimize disruptions to… Read More June 2, 2020 Student Loan Interest: Can You Deduct It On Your Tax Return? The economic impact of the novel coronavirus (COVID-19) is unprecedented and many taxpayers with student loans have been hard hit. The Coronavirus Aid, Relief and Economic Security (CARES) Act contains some assistance to borrowers with federal student loans. Notably, federal loans were automatically placed in an administrative forbearance, which allows borrowers to temporarily stop making… Read More August 21, 2020 What Happens If An Individual Can’t Pay Taxes While you probably don’t have any problems paying your tax bills, you may wonder: What happens in the event you (or someone you know) can’t pay taxes on time? Here’s a look at the options. Most importantly, don’t let the inability to pay your tax liability in full keep you from filing a tax return… Read More March 30, 2022 Classify Your Nonprofit’s Workers / Contractors Correctly — Or Risk Repercussions Many not-for-profits are understaffed in 2022, thanks to a labor shortage and pandemic-related budget shortfalls. Some organizations are filling the gaps with freelancers and contractors. However, such decisions can lead to trouble if these workers should really be classified as employees according to the Department of Labor (DOL) or the IRS. To ensure your workers… Read More Load more Page 22 of 82« First«...10...2021222324...304050...»Last »
March 12, 2020 Lease or Buy? Changes To Accounting Rules May Change Your Mind The rules for reporting leasing transactions are changing. Though these changes have been delayed until 2021 for private companies (and nonprofits), it’s important to know the possible effects on your financial statements as you renew leases or enter into new lease contracts. In some cases, you might decide to modify lease terms to avoid having… Read More
September 22, 2021 House Ways and Means Committee Advances Tax Legislation The House Ways and Means Committee approved a tax package that would increase rates on high-net-worth individuals and corporations. Read More
September 28, 2021 Is A Health Savings Account Right For You? If you’re an employee, you may be able to get a Health Savings Account with your employer. You can also open one of these tax-saving accounts through some banks and other financial institutions. Here are the basic rules. Read More
March 16, 2022 Looking For A 2022 Business Safety Net? Act On EIDL Funding There’s still time to apply for COVID-19 Economic Injury Disaster Loan (EIDL) funding, but time is running short. Read More
May 15, 2024 Weighing Potential Risks And Returns Of Alternative Investments Alternative investments can provide nonprofit investors with access to high-growth companies in cutting-edge industries. However, they can also create tax liability and involve risks that may be inappropriate for charities. Read More
September 5, 2024 Estate Planning with a Qualified Personal Residence Trust Should you place your home in a qualified personal residence trust? Read More
November 16, 2023 Some Businesses Have An Easier Path To Financial Statements Business owners: The accuracy of your financial statements is critical, but you have various options for how a CPA can evaluate them. Here’s a look at the two easiest approaches. Read More
January 9, 2024 Pay Attention To Securities Laws When Planning Your Estate Some assets are easier to transfer than others. If your estate includes unregistered securities, there are complex federal securities laws and regulations to consider when drafting your plan. Read More
June 2, 2020 Overcoming The Challenges Of Remote Auditing During The COVID-19 Crisis Many people are currently working from home to help prevent the spread of the novel coronavirus (COVID-19). Your external auditors are no exception. Fortunately, in recent years, most audit firms have been investing in technology and training to facilitate remote audit procedures. These efforts have helped lower audit costs, enhance flexibility and minimize disruptions to… Read More
June 2, 2020 Student Loan Interest: Can You Deduct It On Your Tax Return? The economic impact of the novel coronavirus (COVID-19) is unprecedented and many taxpayers with student loans have been hard hit. The Coronavirus Aid, Relief and Economic Security (CARES) Act contains some assistance to borrowers with federal student loans. Notably, federal loans were automatically placed in an administrative forbearance, which allows borrowers to temporarily stop making… Read More
August 21, 2020 What Happens If An Individual Can’t Pay Taxes While you probably don’t have any problems paying your tax bills, you may wonder: What happens in the event you (or someone you know) can’t pay taxes on time? Here’s a look at the options. Most importantly, don’t let the inability to pay your tax liability in full keep you from filing a tax return… Read More
March 30, 2022 Classify Your Nonprofit’s Workers / Contractors Correctly — Or Risk Repercussions Many not-for-profits are understaffed in 2022, thanks to a labor shortage and pandemic-related budget shortfalls. Some organizations are filling the gaps with freelancers and contractors. However, such decisions can lead to trouble if these workers should really be classified as employees according to the Department of Labor (DOL) or the IRS. To ensure your workers… Read More