Has your nonprofit lost its tax-exempt status because you forgot to file information returns? The good news is that most organizations can file for reinstatement from the IRS. Learn how.

For 2025, inflation-adjusted changes were made to certain business tax provisions. Here’s how much your employees can contribute to their 401(k)s and FSAs this year, as well as other important business tax amounts.

An important deadline is coming up fast for businesses with workers. Here’s what’s due on Jan. 31.

Does your nonprofit struggle with the task of allocating costs to programs and supporting activities? This brief overview of some applicable accounting standards can help you get it right.

Gas prices are slightly higher than it was a year ago. How does this affect the amount you can deduct for business driving in 2025? Here’s the latest on the cents-per-mile rate for this year.

Your small business may be eligible for big first-year Section 179 depreciation tax deductions for new and used heavy SUVs, pickups and vans placed in service in 2025.

Navigate the complexities of Beneficial Ownership Information (BOI) reporting with insights on new regulations under the Corporate Transparency Act. Stay informed to secure your organization’s compliance.

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.

The unemployment rate was 4.2% in November. With today’s hiring challenges, the Work Opportunity Tax Credit (WOTC) may help employers.

New nonprofits must ask the IRS to recognize their tax-exempt status. But should you file Form 1023 or Form 1023-EZ? Here’s some information to help you decide.

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.

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.

Endowments represent a significant funding mechanism for nonprofit organizations, but do require careful consideration and management.

Enhancements in the SECURE 2.0 Act have made QCDs even more appealing, but you may need to educate your supporters about them.

Here are some important fourth quarter 2024 tax-filing dates for businesses.

OMB Compliance Supplement is an annual issuance of the government’s guide for single audits and grant compliance.