Keeping in compliance with Uniform Guidance If your not-for-profit receives significant federal funds, it may be subject to the Office of Management and Budget’s Administrative ... Read More
Tax news for investors and users of cryptocurrency If you’re a crypto investor or user, you may have noticed something new on your tax return this year. And you may soon notice a new f... Read More
Beware of the gray areas in accounting Accounting and auditing standards have come under scrutiny in the wake of recent high-profile bank failures. Investigations are currently u... Read More
There’s a favorable “stepped-up basis” if you inherit property A common question for people planning their estates or inheriting property is: For tax purposes, what’s the “cost” (or &l... Read More
Why nonprofits need to track staffers’ time Not-for-profit organizations are compelled by federal and state wage-and-hours laws to perform a certain amount of time tracking. Funders m... Read More
Take advantage of the rehabilitation tax credit when altering or adding to business space If your business occupies substantial space and needs to increase or move from that space in the future, you should keep the rehabilitation... Read More
5 valuation terms that every business owner should know As a business owner, you’ll likely need to have your company appraised at some point. An appraisal is essential in the event of a bus... Read More
Spring cleaning in QuickBooks Have your company’s accounting records become cluttered with duplicate items and unused accounts? When you need to revise your QuickB... Read More
It’s happening: Using social media for customer service Everyone is on social media these days, including businesses and their customers. This creates a natural — or shall we say virtual &m... Read More
Your nonprofit probably won’t be audited by the IRS, but if it is … Despite recent accusations that the IRS targets certain types of tax-exempt organizations for audit, not-for-profit audits generally are ra... Read More
Keeping in compliance with Uniform Guidance
