IRS extends relief for physical presence signature requirement Under IRS regulations regarding electronic consents and elections, if a signature must be witnessed by a retirement plan representative or ... Read More
Paying tribute to auditor independence In the spirit of Independence Day, it’s a good time to review the rules for auditor independence. If you discover potential... Read More
Election season is here! Watch your nonprofit’s activities Many states have already held primary elections, and the airwaves are clogged with candidate ads. Yes, the November “mid-terms”... Read More
For nonprofits, quid pro quo isn’t a simple exchange Quid pro quo donations occur when a not-for-profit receives a payment that includes a contribution and the organization provides the donor ... Read More
Help when needed: Apply the research credit against payroll taxes Here’s an interesting option if your small company or start-up business is planning to claim the research tax credit. Subject to limi... Read More
Is it a good time for a Roth conversion? The downturn in the stock market may have caused the value of your retirement account to decrease. But if you have a traditional IRA, this ... Read More
Dodge the tumult with a buy-sell agreement Businesses with multiple owners generally benefit from a variety of viewpoints, diverse experience and strategic areas of specialization. H... Read More
Dig deeper! Find hidden treasure in financial statement footnotes Numbers tell only part of the story. Comprehensive footnote disclosures, which are found at the end of reviewed and audited finan... Read More
Partners may have to report more income on tax returns than they receive in cash Are you a partner in a business? You may have come across a situation that’s puzzling. In a given year, you may be taxed on more part... Read More
Support your nonprofit’s financial plans with board designations The pandemic, ongoing economic insecurity and uncertainty about the future have prompted some not-for-profits to make board designations of... Read More