Tax & Business Tips

Here are several tax moves to consider as 2021 comes to a close. Accelerate income into 2021. Income tax rates may increase in 2022, with the top income tax rate projected…

If your not-for-profit was well-established before 2020, it has probably weathered the pandemic and economic stress of the past year-and-a-half better than younger organizations. But as you transition out of…

Auditing standards require external auditors to consider potential fraud risks by watching out for conditions that provide the opportunity to commit fraud. Unfortunately, conditions during the COVID-19 pandemic may have…

While each retirement plan has similar early withdrawal penalty exemptions, they are not all alike. Knowing these subtle differences within 401(k) plans can help you avoid a 10 percent tax…

With Thanksgiving just around the corner, the holiday season will soon be here. At this time of year, your business may want to show its gratitude to employees and customers…

Retaining your current customers is a great way to ensure your business remains profitable. Here are some suggestions for maximizing customer retention: Track and analyze retention metrics. There is an old…

It's never fun to lose money, but business losses are tax-deductible. Unfortunately, the rules for deducting losses have undergone multiple changes over the past few years, and more changes could…

To remain financially afloat and retain staffers, many not-for-profit organizations took advantage of government loan programs in 2020 and 2021. But nonprofits shouldn’t think about borrowing only as an emergency…

Pretending to be an IRS agent is one of the favorite tactics of scam artists, according to the Better Business Bureau. The con artists impersonate the IRS to either intimidate…

If your not-for-profit’s board members don’t have the information they need to make decisions, the repercussions can be severe. Board time can be wasted, voting may be delayed and your…