Ultra-wealthy donors: Elusive but worth your nonprofit’s efforts High-net-worth individuals donated $5.8 billion during the first six months of the COVID-19 pandemic — generous giving by most s... Read More
Who qualifies for “head of household” tax filing status? When you file your tax return, you must check one of the following filing statuses: Single, married filing jointly, married filing separate... Read More
Updated guidance for impairment testing: When to consider triggering events On March 30, the Financial Accounting Standards Board (FASB) published an updated accounting standard on events that trigger an impairment ... Read More
Is an S corporation the best choice of entity for your business? Are you thinking about launching a business with some partners and wondering what type of entity to form? An S corporation may be the most ... Read More
New legislation proposes to help “rescue” nonprofits No one needs to tell nonprofit organizations how tough the past year has been. According to the John Hopkins Center for Civil Society Studi... Read More
New law tax break may make child care less expensive The new American Rescue Plan Act (ARPA) provides eligible families with an enhanced child and dependent care credit for 2021. This is the c... Read More
New COVID-19 relief law extends employee retention credit Many businesses have retained employees during the COVID-19 pandemic and enjoyed tax relief with the help of the employee retention credit ... Read More
How auditors assess cyber risks Data security is a critical part of the audit risk assessment. If your financial statements are audited, your audit team will tailor their ... Read More
Building customers’ trust in your website The events of the past year have taught business owners many important lessons. One of them is that, when a crisis hits, customers turn on ... Read More
If you run a business from home, you could qualify for home office deductions During the COVID-19 pandemic, many people are working from home. If you’re self-employed and run your business from your home or perf... Read More