IRS Targets Virtual Currency: Understanding The Tax Requirements
With the value of virtual currency in a seemingly constant state of flux, the IRS’ focus on this digital asset has intensified. In 2021, they launched Operation Hidden Treasure, aiming
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Unlock the Power of Outsourced Executive Recruiting: Confidentiality & Expertise for High-Level Hiring
By: Sara Choate, SPHR, SHRM-SCP When it comes to filling an executive position, organizations often face the challenge of finding the right candidate while ensuring confidentiality and navigating the complexities
Reduce Fraud Risk In International Operations
When U.S. businesses expand their operations to foreign countries, there are possible advantages such as reduced labor and operating costs, as well as gaining access to new markets and potential
2023 Q3 Tax Calendar: Key Deadlines For Businesses & Other Employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2023. Keep in mind that this list isn’t all-inclusive, so there may
Updated Accounting Rules for Financial Institutions: Common Control Leases
By: Andy Clemens The Financial Accounting Standards Board (FASB) has issued revised lease accounting rules for financial institutions. These amendments clarify rental agreements between businesses with the same owner. The
Employers: Consider These Key Factors When Choosing An Affordable Health Plan
Finding a cost-effective yet comprehensive health plan to provide for employees is a daunting task for employers of any size. However, it is an essential requirement for most organizations. Under
My Organization is Profitable – Why Can’t I Pay Its Bills?
It’s common for profitable organizations to face challenges in meeting financial obligations, and if you find yourself in this situation, you’re not alone. A common misconception among leaders is to
Safeguard Against Uncertain Federal Gift & Estate Tax Exemptions with a Spousal Lifetime Access Trust
For 2023, the federal gift and estate tax exemption amount stands at $12.92 million ($25.84 million for married couples). However, if Congress does not take any action, this amount is
The Distinction Between Forecasts Projections In Financial Planning
It’s highly recommended for organizations to consistently produce well-prepared financial statements. This practice holds significance in two key aspects: gaining a clear understanding of their financial standing and providing precise
Use Benchmarks To Evaluate Your Non-Profit’s Performance
If your non-profit sets performance objectives, which is recommended for most organizations, it’s essential to have benchmarks in place to assess your progress. Initially, your staff members and board may