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Fraud

Protect Your Organization From Charity Scams

Many organizations show support to their communities by donating to local charities. While there are plenty of non-profits that are worth supporting, there are some that exist solely to pull

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Employer

Employers: Should You Implement A Mentorship Program?

Mentorship programs have been around for a while, but their popularity tends to fluctuate depending on factors such as industry needs and workforce demographics. A recent survey suggests that these

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Estate Planning

Now Is The Time For GST Tax Planning

Is your estate plan set up to give gifts to your grandchildren or other loved ones who are younger than your children? Or, maybe you want to leave assets to

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Non-Profit

Exploring The Inflation Reduction For Nonprofits

When the Inflation Reduction Act (IRA) became law in late 2022, you might have thought that the tax breaks it offered wouldn’t affect your tax-exempt organization. However, that’s not the

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Individual Tax

Are Vacation Property Rentals Affecting Your Taxes?

Are you thinking about buying a vacation home by the beach, a cozy lakefront cottage, or ski chalet? Maybe you’re fortunate enough to already own a vacation home! Either way,

There are many reasons why a tax-exempt organization, like a 501(c) might consider restructuring. For example, if a non-profit is struggling financially, it might decide to team up with another
Business owners are advised to regularly create financial statements in compliance with Generally Accepted Accounting Principles (GAAP). This is because external users, such as lenders and investors, trust financial reports
Irrevocable trusts can help you pass on wealth to your family in a tax-advantaged way. However, there’s a catch: Once you set up an irrevocable trust, you must give up
If you have a retirement account that gets special tax treatment, like a traditional IRA, you’ll have to start following rules for withdrawals after reaching a certain age. This is
Typically, your organization should aim to get the most tax deductions for newly purchased assets with the current year. Two federal tax breaks can be a big help in achieving
Many organizations show support to their communities by donating to local charities. While there are plenty of non-profits that are worth supporting, there are some that exist solely to pull

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