The IRS has released proposed regulations that provide guidance for manufacturers on the implementation of the Advanced Manufacturing Investment Credit. The credit, created by the…
The IRS recently released guidance providing the 2024 inflation-adjusted amounts for Health Savings Accounts (HSAs). HSA Fundamentals An HSA is a trust created or organized…
You’ve almost certainly heard of the Employee Retention Tax Credit (ERC) since it was introduced on March 27, 2020, as part of the Coronavirus Aid,…
Another busy tax filing season is behind us and with a return to normalcy this year, without significant processing delays at the Internal Revenue Service…
It’s not just businesses that can deduct vehicle-related expenses on their tax returns. Individuals also may be able to deduct them in certain circumstances, if…
Most people feel a sense of relief after filing their tax returns each year. But even if you’ve successfully filed your 2022 return with the…
Trusts can be a useful tool for affluent individuals and families when it comes to wealth management, protection and growth. But there are a wide…
If your not-for-profit has an endowment, you probably know it’s a major responsibility. Endowment investments generally need to be managed by a financial expert, and…
Despite recent accusations that the IRS targets certain types of tax-exempt organizations for audit, not-for-profit audits generally are rare. That’s because most nonprofits owe no…
According to the Association of Certified Fraud Examiners (ACFE), not-for-profit organizations make up 9% of all defrauded organizations. Such attacks — and losses — can…