Debate Continues in Congress Over Proposed Tax Changes
Negotiations continue in Washington, D.C., over the future of President Biden’s agenda. Tax law changes may be ahead under two proposed laws, the Build Back Better Act (BBBA) and the
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While Still Challenging, Non-Profit Restructuring Has Become Easier
A few years ago, IRS Revenue Procedure 2018-15 changed the rules regarding non-profit restructuring. If you have participated in a restructuring in the past, you will be relieved to know
Four Ways to Refine Your Cash Flow Forecasting
Run a business for any length of time and the importance of cash flow becomes abundantly clear. When payroll is due, bills are piling up, and funds are not available,
Vacation Home: How is Your Tax Bill Affected if You Rent it Out?
If you own a vacation home, you may want to rent it out for part of the year. What are the tax consequences? The tax treatment can be complex. It
New Per Diem Business Travel Rates Became Effective October 1
Are employees at your business traveling again after months of virtual meetings? In Notice 2021-52, the IRS announced the fiscal 2022 ‘per diem’ rates that became effective October 1, 2021.
When For-Profit Colleges Deceive Students
For-profit colleges and vocational schools — especially online programs — provide degree-earning opportunities to many Americans who might not otherwise be able to pursue higher education due to financial pressures
10 Financial Statement Areas to Watch for COVID-Related Effects
The COVID-19 pandemic is still adversely affecting many businesses and non-profit organizations, but the effects vary, depending on the nature of operations and geographic location. Has your organization factored the
Employers May ‘Designate’ Certain Payroll Tax Payments
As an employer, you are no doubt aware of your obligation to submit payroll tax payments to the federal government. However, you may have more control of those payments than
Remember to Account for State Estate Taxes
A generous gift and estate tax exemption means only a small percentage of families are currently subject to federal estate taxes. However, it is important to consider state estate taxes
Non-Profits Should Not Venture Abroad Without Due Diligence
Budgetary shortfalls may have your non-profit looking for new sources of support. If those sources are international, be careful. Activities such as soliciting donations, recruiting members, and selling products in