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![New 2025 amounts for Health Savings Accounts](https://insights.atchleycpas.com/wp-content/uploads/2024/06/Atchley-Feature-pexels-photo-3943723-359.png)
New 2025 amounts for Health Savings Accounts
Does your business provide Health Savings Accounts to employees? The IRS recently announced the inflation-adjusted amounts for 2025. Here's what you need to know.
![Nonprofits don’t lose as much to fraud, but risk still requires action](https://insights.atchleycpas.com/wp-content/uploads/2024/05/Atchley-Feature-pexels-photo-7111480-179.png)
Nonprofits don’t lose as much to fraud, but risk still requires action
Does your nonprofit train staffers and other stakeholders on how to recognize and report fraud? If not, you may risk financial losses you can’t afford. Here are some internal controls you can implement.
![Don’t have a tax-favored retirement plan? Set one up now](https://insights.atchleycpas.com/wp-content/uploads/2024/04/Atchley-Feature-pexels-photo-1034597-369.png)
Don’t have a tax-favored retirement plan? Set one up now
If you’re a business owner without a retirement plan, establishing one is simpler than you may think. And there still may be time to set one up for LAST year, depending on your situation.
![Reporting Advertising Revenue on Form 990T](https://insights.atchleycpas.com/wp-content/uploads/2024/04/Atchley-Feature-pexels-photo-2385555-933.png)
Reporting Advertising Revenue on Form 990T
Form 990T, also known as the Exempt Organization Business Income Tax Return, is a form used by tax-exempt organizations to report and pay tax on unrelated business income. Advertising revenue is one such type of unrelated business income that should be reported on this form. Here's what you need to know.
![2024 Q2 tax calendar: Key deadlines for businesses and employers](https://insights.atchleycpas.com/wp-content/uploads/2024/04/Atchley-Feature-pexels-photo-5554740-57.png)
2024 Q2 tax calendar: Key deadlines for businesses and employers
Here are some upcoming tax-related deadlines for the second quarter of 2024 that businesses and employers should keep in mind.
![FASB ASU 2016-13 goes into effect this year](https://insights.atchleycpas.com/wp-content/uploads/2024/03/Atchley-Feature-pexels-photo-6694864-852.png)
FASB ASU 2016-13 goes into effect this year
FASB Accounting Standards Update (ASU) 2016-13, introduced a new Current Expected Credit Loss (CECL) model for financial assets.
![FinCEN continues to implement the Corporate Transparency Act](https://insights.atchleycpas.com/wp-content/uploads/2024/03/Atchley-Feature-pexels-photo-449559-416.png)
FinCEN continues to implement the Corporate Transparency Act
Under the Corporate Transparency Act (CTA), many businesses had to begin complying with new reporting requirements on January 1, 2024. But on March 1, 2024, the U.S. District Court for the Northern District of Alabama ruled that the CTA is unconstitutional. Does that mean that businesses no longer have to comply? Unfortunately, that's not the case for those who would like to skip the requirements.
![Nonprofits: Take another look at Inflation Reduction Act tax breaks](https://insights.atchleycpas.com/wp-content/uploads/2024/03/Atchley-Feature-pexels-photo-45072-544.png)
Nonprofits: Take another look at Inflation Reduction Act tax breaks
You’d be forgiven for ignoring tax breaks contained in the Inflation Reduction Act. After all, they won’t help tax-exempt organizations. Or will they? We suggest you look at two provisions benefitting nonprofits.
![Maximize the QBI deduction before it’s gone](https://insights.atchleycpas.com/wp-content/uploads/2024/03/Atchley-Feature-pexels-photo-1595390-116.png)
Maximize the QBI deduction before it’s gone
The qualified business income (QBI) deduction is scheduled to disappear after 2025. Congress could extend it, but don’t count on it. Here’s what you need to know to make the most of it while you can.
![Upcoming Changes to No Tax Due Threshold Reporting](https://insights.atchleycpas.com/wp-content/uploads/2024/03/Atchley-Feature-pexels-photo-273204-223.png)
Upcoming Changes to No Tax Due Threshold Reporting
For franchise tax purposes, the Comptroller's office made some changes to reports originally due on or after January 1, 2024. Here's what you need to know.
![Better tax break when applying the research credit against payroll taxes](https://insights.atchleycpas.com/wp-content/uploads/2024/03/Atchley-Feature-pexels-photo-3183170-626.png)
Better tax break when applying the research credit against payroll taxes
The credit for increasing research activities is a valuable tax break for eligible businesses. Claiming it involves complex calculations. But in addition to the credit, be aware that it also has a feature that’s favorable to eligible small businesses.
![6 ways nonprofit retirement plans are changing](https://insights.atchleycpas.com/wp-content/uploads/2024/02/Atchley-Feature-hands-walking-stick-elderly-old-person-545.png)
6 ways nonprofit retirement plans are changing
The SECURE Act 2.0 made some important changes to 403(b) retirement plans, which typically are offered by nonprofits to their employees. Is your nonprofit caught up on the law’s provisions?