News & Insights
Industry:
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)
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
Enhancements in the SECURE 2.0 Act have made QCDs even more appealing, but you may need to educate your supporters about them.
2024 Q4 tax calendar: Key deadlines for businesses and other employers
Here are some important fourth quarter 2024 tax-filing dates for businesses.
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.
When your nonprofit’s debt-financed income is subject to tax
When it comes to investment income, nonprofits must comply with complex rules.
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
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
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.
Understanding taxes on real estate gains
If you’re the owner of a pass-through entity, the federal income tax rules for gains from the sale of business real estate or vacant land may be more complicated than you thought. Here’s a look at the issues.
Navigating Meals and Entertainment Deductions in 2024
Understanding the intricacies of tax deductions, particularly those related to meals and entertainment, is crucial to optimize your tax savings and ensure compliance with IRS regulations. Significant changes have been implemented in this area, making it essential to stay updated.
Leveraging Bonus Depreciation and Section 179 for Optimal Tax Savings
Managing tax liabilities effectively is crucial. Two significant tax-saving opportunities for businesses—Bonus Depreciation and Section 179 deductions—can significantly impact a company's bottom line.