2.10.22
Businesses Can Still Deduct 100% Of Restaurant Meals
Business owners, 2022 is well underway. So, don’t forget that a provision tucked inside the Consolidated Appropriations Act suspended the 50% deduction limit for certain…
2.10.22
Could You Have To Pay a Parent’s Nursing Home Costs?
Given the steep cost of nursing homes, planning for long-term care is critical. This holds true not only for you, but also possibly for aging…
2.10.22
Three Financial Lessons of the Pandemic
The onset of the COVID-19 pandemic in March 2020 disrupted the personal finances of many families who were negatively affected by job losses, reduced income,…
2.10.22
Get More Worms by Filing Your Taxes Early
They say the early bird gets the worm. Early federal income tax filers may get a couple worms, which is a good thing in this…
2.9.22
Your Board Can’t Do Its Job Without Information From You
If your not-for-profit’s board members don’t have the information they need to make decisions, the repercussions can be severe. Board time can be wasted, voting…
2.9.22
Established Nonprofits Must Continue To Build and Grow
If your not-for-profit was well-established before 2020, it has probably weathered the pandemic and economic stress of the past couple of years better than younger…
2.9.22
Should Your Nonprofit Sponsor a Smaller Project?
During the initial COVID-19 outbreak, a small community group decided to organize grocery deliveries to low-income seniors. Time was of the essence and participants in…
2.9.22
Accounting for Program Services and the Activities That Support Them
Donors and funders want to know how your nonprofit uses its financial resources — maybe even more than ever during this difficult time. Rules issued…
2.8.22
New Tax Reporting Requirements for Payment Apps Could Affect You
If you run a business and accept payments through third-party networks such as Zelle, Venmo, Square or PayPal, you could be affected by new tax…
2.4.22
Keeping Meticulous Records Is the Key To Tax Deductions and Painless IRS Audits
If you operate a business, or you’re starting a new one, you know you need to keep records of your income and expenses. Specifically, you…