The Employee Retention Tax Credit (ERTC) was introduced back when COVID-19 temporarily closed many businesses. The credit provided cash that helped enable struggling businesses to…
If your not-for-profit is perpetually shorthanded, you may have decided to engage independent contractors or freelancers to pick up some of the slack. Just make…
Sponsorship and advertising dollars can provide a real boost to your not-for-profit organization’s income. However, if sponsors or advertisers receive a “substantial benefit” or if…
Are your not-for-profit’s board members subject to term limits? If not, you might want to consider implementing what’s widely considered a best practice. Some board…
Many nonprofits and other tax-exempt organizations have been waiting to claim their credits under the Inflation Reduction Act of 2022. The good news? As of…
As part of the SECURE 2.0 law, there’s a new benefit option for employees facing emergencies. It’s called a pension-linked emergency savings account (PLESA) and…
Since July 2023, the IRS has taken a series of actions in response to what it has termed a “flood of ineligible claims” for the…
Micron Technologies is slated to build a semiconductor fabrication facility in Onondaga County. The project may receive, among other things, up to $5.5 billion in…
Does your business file 10 or more information returns with the IRS? If so, you must now file them electronically. This is a significant rule…
The Internal Revenue Service (IRS) likes to know when you receive money for rendering services or selling products. They also like to tax that money.…