News & Insights

Reporting Fair Market Value and Revenue for Nonprofits

Reporting Fair Market Value and Revenue for Nonprofits

Understanding the reporting requirements for nonprofits on Form 990 is crucial, especially regarding the fair market value (FMV) of non-cash prizes and goods or services at fundraising events.
Update on the 2025 and 2024 Compliance Supplements

Update on the 2025 and 2024 Compliance Supplements

The OMB released a draft of the 2025 Compliance Supplement in August 2025, but auditors cannot finalize Single Audit reports for fiscal years ending June 30, 2025, or later until the final version is issued, as clarified by the American Institute of CPAs (AICPA).
Final regulations released on increased catch-up contributions under SECURE 2.0

Final regulations released on increased catch-up contributions under SECURE 2.0

The latest IRS final regulations under the SECURE 2.0 Act increase catch-up contribution limits for individuals aged 60 to 63 and require Roth contributions for higher-income earners. Explore how these rules may change your retirement strategies.
Preparing for the end of federal paper checks

Preparing for the end of federal paper checks

Executive Order 14247 directs federal agencies to phase out paper checks for refunds, benefits, and contracts. Here’s who’s affected and how to prepare.
You’ve filed an S election – now what? A practical compliance checklist for new S corps

You’ve filed an S election – now what? A practical compliance checklist for new S corps

Making the jump to S-corporation status probably wasn't an impulse decision. However, the S election is more than just a single signature on Form 2553; it introduces a new set of rules. Here's what you need to know.
The Implication of the New Tax Law on Charitable Donations: A Guide for the Fiscal Year 2025

The Implication of the New Tax Law on Charitable Donations: A Guide for the Fiscal Year 2025

Are you aware of how the new tax law affects your charitable donations?
Key Tax Strategies for Real Estate Investors

Key Tax Strategies for Real Estate Investors

Guidance into the complex world of real estate, and learn effective strategies to maximize your investment returns in this informative article.
Understanding Safe Harbor 401(k) Plans

Understanding Safe Harbor 401(k) Plans

Navigating the complexities of 401(k) plans can be daunting for small and midsize businesses. Discover how the safe harbor 401(k) offers a simplified solution by easing administrative burdens while fostering employee financial well-being.
Tax Insights into the One Big Beautiful Bill Act 

Tax Insights into the One Big Beautiful Bill Act 

The One Big Beautiful Bill Act overhauls the tax code, locking in many 2017 cuts and unveiling new relief for workers, families, and businesses. Keep reading for an overview of new rules, extensions or enhancements of existing provisions.
Max Out Your Retirement Savings: A Deep Dive into Cash Balance Plans

Max Out Your Retirement Savings: A Deep Dive into Cash Balance Plans

Curious about cash balance retirement plans? These plans can offer much higher contribution limits and potential tax advantages, but they also come with more complexity and commitment.
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