Keep these DOs and DON’Ts in mind when deducting business meal and vehicle expenses If you’re claiming deductions for business meals or auto expenses, expect the IRS to closely review them. In some cases, taxpayers ha... Read More
Are your nonprofit’s interim and year-end financial statements at odds? Using the cash basis of accounting may make sense for your not-for-profit organization — at least at this stage. Many smaller nonprof... Read More
Benefits of a living trust for your estate You may think you don’t need to make any estate planning moves because of the generous federal estate tax exemption of $12.92 million... Read More
Avoid succession drama with a buy-sell agreement Recently, the critically acclaimed television show “Succession” aired its final episode. If the series accomplished anything, i... Read More
Nonprofits and insurance: Getting it just right Whether you’re starting up a not-for-profit organization or your nonprofit has existed for years, you may have questions about insura... Read More
Questions you may still have after filing your tax return If you’ve successfully filed your 2022 tax return with the IRS, you may think you’re done with taxes for another year. But some... Read More
6 tried-and-true strategies for improving collections Businesses that operate in the retail or restaurant spheres have it relatively easy when it comes to collections. They generally take payme... Read More
How to use QuickBooks as a fraud detection tool Many businesses and nonprofits use QuickBooks® as a cost-effective solution to manage their accounting processes. However, the software... Read More
Use the tax code to make business losses less painful Whether you’re operating a new company or an established business, losses can happen. The federal tax code may help soften the blow b... Read More
4 ways corporate business owners can help ensure their compensation is “reasonable” If you’re the owner of an incorporated business, you know there’s a tax advantage to taking money out of a C corporation as com... Read More
Keep these DOs and DON’Ts in mind when deducting business meal and vehicle expenses
