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When you glance at your car’s financial dashboard, you see plenty of useful information that helps you operate the motor vehicle, such as how fast you are traveling, how far you have traveled, and how much fuel you have before you need to stop at a fuel station. A dashboard resembles a car dashboard … Read More
Working at promoting your nonprofit organization is a highly energetic experience. Organizing fundraisers, recruiting volunteers, and interacting with donors make the commitment to a cause worthwhile. However, there is one obligation that can be viewed as an unpleasant task. We are talking about … Read More
Donors with charitable hearts do not donate to their favorite causes just to take advantage of charitable givers and tax breaks. It is the financial health of the charity that matters, as well as the mission the charity wants to accomplish. However, charitable donors should understand the tax … Read More
Artificial Intelligence isn’t only about computers performing complex tasks without human input. The AI umbrella covers multiple technologies, including machine learning, natural language processing, and robotic process automation. These tools—and others like them—help all sorts of organizations, … Read More
Providers of California nonprofit audit and tax services recommend you reimburse employees and staffers for work-related expenses. Accountable plans are one such tool you can use to reimburse expenses free of federal income and employment taxes. Maximize your financial strategy with accountable plan … Read More
D&O insurance refers to directors and officers liability insurance and it is meant to mitigate the personal responsibility of certain parties affiliated with an organization in the event of litigation. Many for-profit entities engage this type of insurance coverage, but fewer non-profits carry … 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
Infographic: For 2018, the threshold for itemizing medical expenses is only 7.5% of AGI. … 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
The tax codes surrounding non-profits can be difficult to understand. As a tax exempt organization, you're just exempt from paying taxes, right? Well, as with all things tax related, that depends. One such circumstance is whether or not your organization has UBI: Unrelated Business Income … Read More