Operating reserves can help cushion financial blows

For many of your nonprofit’s staffers, high inflation equals high anxiety. In this time of economic uncertainty, prioritize candid communications so employees’ worries won’t affect their work. Continue Reading Operating reserves can help cushion financial blows

Year-end giving to charity or loved ones

Many people like to give thanks at this time of year by donating to their favorite charities. Here are the basic 2022 rules for charitable contributions and gifts to loved ones. Continue Reading Year-end giving to charity or loved ones

Preparing for year-end inventory counts

A physical inventory count gives a snapshot of how much inventory your company has on hand at year end. Are you ready to start counting? Continue Reading Preparing for year-end inventory counts

Act Now to Reduce Your Business’s 2022 Tax Bill

As 2022 winds down, now is the time for your business to take stock of its tax situation and implement year-end tax planning strategies. Continue Reading Act Now to Reduce Your Business’s 2022 Tax Bill

5 Steps to Take Now to Cut Your 2022 Individual Tax Liability

Are you interested in reducing your 2022 tax liability? There’s still time to take these year-end tax planning steps. Continue Reading 5 Steps to Take Now to Cut Your 2022 Individual Tax Liability

Putting accountability into practice

Nonprofits that embrace accountability can generally expect improved collaboration and better outcomes. How can your organization put this abstract concept into practice? Continue Reading Putting accountability into practice

How Inflation Will Affect Your 2022 and 2023 Tax Bills

Many people are feeling the squeeze of inflation. What does this mean for your federal tax bill? Here’s what the inflation-adjusted amounts will be for several provisions in 2023, as compared with 2022. Continue Reading How Inflation Will Affect Your 2022 and 2023 Tax Bills

Insights

Advantages of keeping your business separate from its real estate

It may be advantageous to separate ownership of a business’s real estate from the business. But it isn’t always advisable. Here’s a look at the issues. Continue Reading Advantages of keeping your business separate from its real estate

Cutoffs: When to report revenue and expenses

Does your company follow the cutoff rules? Loose interpretation of the accounting rules can lead to errors and unexpected audit adjustments. Here’s how to get it right. Continue Reading Cutoffs: When to report revenue and expenses

Help ensure your partnership or LLC complies with tax law

Guaranteed payments to partners and payments to retired partners are just two of the tax issues that should be addressed in your partnership (or LLC operating) agreement. Here are the details. Continue Reading Help ensure your partnership or LLC complies with tax law

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