Nonprofits: How to acknowledge donor gifts

Holiday-inspired generosity and the desire to reduce tax liability makes the end of the year a busy time ...
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Maximize your 401(k) plan to save for retirement

Contributing to a tax-advantaged retirement plan can help you reduce taxes and save for retirement. If your employer ...
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Nonprofit boards must remain vigilant as long as the crisis continues

It’s been a tough year for not-for-profits. Many have experienced an increased demand for services just as revenues ...
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Steer clear of the wash sale rule if you’re selling stock by year end

Are you thinking about selling stock shares at a loss to offset gains that you’ve realized during 2020? ...
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Principles to guide your nonprofit’s relationship with donors

In 1993, a consortium of philanthropic organizations came up with the Donor Bill of Rights to guide not-for-profits ...
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IRS releases final instructions for payroll tax form related to COVID-19 relief

In response to the COVID-19 pandemic, the federal government enacted legislation that includes deferral of the employer’s portion of Social ...
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IRS Releases New Guidance and Announces a PPP Safe Harbor Procedure

The deductibility of business expenses made with Paycheck Protection Program loan proceeds has been a source of confusion ...
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Employees: Don’t forget about your FSA funds

Many employees take advantage of the opportunity to save taxes by placing funds in their employer’s health or ...
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2021 COLAs for popular fringe benefits

The IRS recently released 2021 cost-of-living adjustments (COLAs) for a wide variety of tax-related limits, including those related ...
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Using footnotes to disclose your nonprofit’s financial information

Does anyone actually read footnotes? If they’re financial statement footnotes, the answer is usually “yes.” Footnotes can provide ...
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Employers, don’t overlook invisible disabilities

When encountering the phrase “employee with a disability,” you might immediately envision a person with an obvious physical ...
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Agencies issue final regs addressing a COVID-19 vaccine and more

The IRS, U.S. Department of Labor and Department of Health and Human Services recently issued interim final regulations ...
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