Reviewing — and possibly revising — your nonprofit’s spending policy
A spending policy is the formula used to determine how [...]
Don’t be scammed!
Can you spot a fake IRS employee? Many people tremble [...]
How to avoid the early withdrawal tax penalty on IRA distributions
When you take withdrawals from your traditional IRA, you probably [...]
The kiddie tax: Does it affect your family?
Many people wonder how they can save taxes by transferring [...]
Evaluating “going concern” concerns
Under U.S. Generally Accepted Accounting Principles (GAAP), financial statements are [...]
Businesses: Act now to make the most out of bonus depreciation
The Tax Cuts and Jobs Act (TCJA) significantly boosted the [...]
Three tax breaks for small businesses
Sometimes, bigger isn’t better: Your small- or medium-sized business may [...]
Interested in an EV? How to qualify for a powerful tax credit
Sales and registrations of electric vehicles (EVs) have increased dramatically [...]