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Reaping the Benefits of Cause Marketing

Starbucks, Nike, Pepsi, Uber, and scores of other major companies regularly use cause marketing to burnish their image and reach customers. The non-profit organizations that partner with these companies can

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Scholarships Are Usually Tax Free But They May Result In Taxable Income

If your child is fortunate enough to be awarded a scholarship, you may wonder about the tax implications. Fortunately, scholarships (and fellowships) are generally tax free for students at elementary,

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IRS Issues ERC Guidance as Congress Considers Early Termination

The IRS has published new guidance on the Employee Retention Credit (ERC). The credit was created in March 2020 to encourage employers to keep their workforces intact during the COVID-19

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Protect Your Business & Employees From “Vishing” Attempts

“Vishing” may sound familiar, but unless you are a fraud investigator, you probably have not encountered it. Unfortunately, that could change soon. To foil a scam that increasingly takes advantage

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Reporting Large Cash Transactions for Business to the IRS

If your business receives large amounts of cash or cash equivalents, you may be required to report these transactions to the IRS. What are the Requirements? Each person who, in

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Work With Your Payroll Provider to Pay Deferred Taxes

Many of the relief measures passed by the federal government in the beginning of the COVID-19 pandemic are still relevant to employers. For example, under the Coronavirus, Aid, Relief, &

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Have You Followed Up on the Management Letter From Your Audit Team?

Auditors typically deliver financial statements to calendar-year businesses in the spring. A useful tool that accompanies the annual report is the management letter. It may provide suggestions based on industry

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A Family Bank Professionalizes Intrafamily Lending

Because of the COVID-19 pandemic and the resulting economic turndown in some areas, you may have family members in need of financial support. If you are interested in lending money

Five Ways Non-Profits Can Prepare for an Audit

While non-profits may not look forward to annual audits, regular maintenance and preparation specific to an impending audit can make the process less disruptive. We recommend taking the following five

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DEI Programs Are Good For Business

Many businesses are spending more time and resources on supporting the well-being of their employees. This includes recognizing and addressing issues related to diversity, equity, and inclusion (DEI). A thoughtfully