July 6, 2022 Reviewing — And Possibly Revising — Your Nonprofit’s Spending Policy Even if your nonprofit has a long-established spending policy, financial challenges may warrant a review. We look at five common … Read More
June 29, 2022 Election Season Is Here! Watch Your Nonprofit’s Activities Penalties on 501(c)(3) organizations for participating in prohibited campaign activities are rare. But your nonprofit still needs to be careful … Read More
June 29, 2022 Vehicle-Related Expenses: Can Individual Taxpayers Deduct Them? Rather than keeping track of your actual vehicle-related expenses, you may be able to use a standard mileage rate to … Read More
June 29, 2022 Consider Stress Testing To Lower Risks Businesses today are dealing with unprecedented levels of operational, financial, compliance, reputational and strategic risks. Stress testing may be the … Read More
June 29, 2022 How To Cut Costs Instead Of Your Nonprofit’s Staff No nonprofit wants to have to lay off employees due to budget restrictions. Before you cut your staff, read our … Read More
June 21, 2022 Warning For Retailers And Other Businesses Using The LIFO Method Businesses that use LIFO could be hit with an unexpected tax bill if their inventory shrinks significantly due to supply … Read More
June 21, 2022 Five Tax Implications Of Divorce Getting a divorce can be a difficult process. You don’t want to make it worse by making decisions that will … Read More
June 21, 2022 Standard Business Mileage Rate Will Increase For 2022 Because of the soaring price of gasoline, the IRS has increased the standard mileage rate for qualified business driving for … Read More
June 15, 2022 Oversight And Controls Are Key To Limiting Fraud In Nonprofits Although your nonprofit can’t control the thoughts of criminally minded employees, you can make occupational fraud difficult to commit. The … Read More
June 15, 2022 Your Estate Plan: Don’t Forget About Income Tax Planning With the federal estate tax exemption currently so large, you may want to devote more time to saving income taxes … Read More
June 15, 2022 Private Business Owners: Don’t Wait Until Year End To Do Financial Reporting The year is almost half over. Is your business on track to meet its goals for 2022? Interim financial reporting … Read More
June 13, 2022 Find Your Nonprofit’s Next Leader With A Team And A Plan Even if your nonprofit’s executive director isn’t leaving immediately, it makes sense to have an executive search plan ready. Read More
