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Understanding the Work Opportunity Tax Credit

Understanding the Work Opportunity Tax Credit

The unemployment rate was 4.2% in November. With today’s hiring challenges, the Work Opportunity Tax Credit (WOTC) may help employers.
How Section 1231 gains and losses affect business asset sales

How Section 1231 gains and losses affect business asset sales

Achieving the best tax treatment for Sec. 1231 gains and losses can be a challenge. Here’s how to help plan the timing of gains and losses for optimal tax results.
How recent Quickbooks Online changes may affect you

How recent Quickbooks Online changes may affect you

Intuit's upcoming changes to QuickBooks Online will impact how businesses handle W-2 and 1099 tax forms starting January 2025. Explore your options to avoid fees and streamline your payroll processes.
A guide to business travel tax deductions

A guide to business travel tax deductions

Business owners may travel to visit customers, attend conferences, check on vendors and for other purposes. Managing tax-deductible travel costs can help ensure compliance and maximize tax savings.
Nonprofits: Understanding an Endowment’s Impact (Part I)

Nonprofits: Understanding an Endowment’s Impact (Part I)

Endowments represent a significant funding mechanism for nonprofit organizations, but do require careful consideration and management.
Get the word out about IRA qualified charitable distributions

Get the word out about IRA qualified charitable distributions

Enhancements in the SECURE 2.0 Act have made QCDs even more appealing, but you may need to educate your supporters about them.
2024 OMB Compliance Supplement has been released

2024 OMB Compliance Supplement has been released

OMB Compliance Supplement is an annual issuance of the government’s guide for single audits and grant compliance.
It’s time for your small business to think about year-end tax planning

It’s time for your small business to think about year-end tax planning

We are about to close the third quarter of the year. Here are some year-end moves to consider that may help your small business save on taxes.
Welcome charitable pledges — and account for them properly

Welcome charitable pledges — and account for them properly

Your nonprofit may prefer donations (or immediate support) to pledges, which are usually promises to donate in the future. But if you do receive pledges, make sure to account for them properly.
Nonprofits & restricted contributions

Nonprofits & restricted contributions

Restricted gifts to nonprofits require greater care than unrestricted ones. If a donor attaches strings to a gift, develop policies your staffers should follow to ensure restrictions are honored.