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One of the key roles of a board is to monitor their nonprofit's finances and to help steer it in the right direction. This is not always an easy task when those finances are too far gone, but there are some early warning signs to watch out for that, when observed and rectified at an early stage, can … Read More
Raffles can provide big payoffs for your nonprofit, but can be tricky to execute. There are several tax rules that govern raffles, and while state tax laws vary a great deal, there are some basic federal tax laws that every organization can benefit from learning about. These laws concern unrelated … Read More
As the end of the year approaches, it is a good time to think of planning moves that will help lower your tax bill for this year and possibly the next. Year-end planning for 2018 takes place against the backdrop of new laws that make major changes in the tax rules for individuals and businesses. For … Read More
Changes in tax laws occur every year, affecting businesses of all types. These changes affect the planning and preparation of taxes for businesses ranging from sole proprietorships to large corporations. Here is a quick look at the changes which take effect during the 2017 filing season. Stay … Read More
Now is the time to start preparing your 2017 taxes. For individuals taxes must be filed by Tuesday, April 17, 2018. Your income taxes are affected by a number of factors, including such things as the sale of your primary home. The more complicated your taxes become, the more important it is to … Read More
Congress is enacting the biggest tax reform law in thirty years. The 2017 Tax Reform is one that will make fundamental changes in the way you, your family and your business calculate your federal income tax bill, and the amount of federal tax you will pay. Since most of the changes will go into … Read More
According to an article in Forbes magazine, less than 10 percent of home-based business owners use the home of office deduction. The Internal Revenue Service has made it easier to claim the deduction by establishing a simplified option that reduces the number of calculations you must make. To make … Read More
The amount of income tax you may be liable for depend on how much you earn during the year. Now that we are in the latter half of the year, it is advisable for individuals and businesses to start considering ways to reduce their income tax for the year. Smart Strategies: Learn how to reduce income … Read More
If you are caring for an elderly parent, you are definitely not alone. In fact, according to a study conducted in collaboration with the AARP, 29% of the U.S. population provides care for at least one aging, chronically ill or disabled family member or friend at any given time. Along with concerns … Read More
Nonprofit work is incredibly rewarding, but in a sector that relies heavily on donor support, success relies heavily on the ability to demonstrate a return on investment. As your organization grows, private donors, foundations and government entities will likely request detailed accounting documents … Read More