Non-profits use special events to raise large amounts in a short period of time. Most often, the donor receives a direct benefit from the event — such as dinner or participation in a gaming activity. However, special events do not always meet their fundraising goals....
If you have done any research into employee benefits for your business recently, you may have come across a bit of alphabet soup in the form of ‘HSA + HDHP.’ Although perhaps initially confusing, this formula represents an increasingly popular model for health care benefits...
When teachers are setting up their classrooms for the new school year, it is common for them to pay for a portion of their classroom supplies out of pocket. A special tax break allows these educators to deduct some of their expenses. This educator expense...
Malicious hackers target all types of businesses, but manufacturers that rely on automation, robotics, and connected networks are especially vulnerable to cyberattacks. Here is what you can do to protect your manufacturing business. Know your risks It is only natural that manufacturers fear data breaches, and unfortunately...
Payroll costs are a natural and unavoidable consequence of being an employer, but this does not mean you cannot keep an eye out for ways to lower these costs or simply handle payroll more efficiently. One approach that many organizations use is issuing employees a payroll...
For more than 40 years, the Securities and Exchange Commission (SEC) has required only a simple pass-fail statement in public companies’ audit reports, but the deadline for mandatory reporting of critical audit matters (CAMs) in audit reports is fast approaching. The revised model will provide...
The Tax Cuts and Jobs Act of 2017 dramatically reduced taxpayers’ ability to itemize deductions. Among the tax deduction opportunities that have vanished, from 2018–2025, are miscellaneous itemized deductions that exceed two percent of the taxpayer’s gross income. Such deductions included unreimbursed employee business expenses. Drilling...
Late summer and early fall, when so many families have members returning to educational facilities of all shapes and sizes, is also a good time for businesses to creatively step up their business development efforts, whether it is launching new marketing initiatives, developing future employees...
Licensing your non-profit’s name to a for-profit company can provide a valuable new revenue source — but it also can be risky. If you are considering a licensing arrangement, ensure that the partnership really will generate funds and, possibly more important, a positive impression of...
If you gamble, be sure you understand the tax consequences. Both wins and losses can affect your income tax bill. And changes under the Tax Cuts and Jobs Act (TCJA) also could have an impact. Wins & taxable income You must report 100 percent of your gambling...