Not-for-Profit

Categories

Handling NonProfit Pledges

Your nonprofit may prefer donations (or immediate support) to pledges, which are usually promises to donate in the future. But if you do receive pledges, make sure to account for them properly.
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Bad Debt Deductions for Businesses

Struggling with uncollectible debts? This article explains how to manage bad debts, including how to report them, track allowances, and handle unexpected repayments—all while staying compliant with tax rules.
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NFP Boards Should Evolve

Much like the nonprofits they support, NFP boards should evolve over time. Learn what nonprofit boards typically look like at different stages of an organization’s life.
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Timeframe for IRS audits

Ever wondered how long you could be subject to an IRS audit? Understanding the timeframe for IRS audits, the statute of limitations, and the circumstances that may extend this period is crucial for maintaining proper tax records and ensuring compliance.
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Corporate Estimated Tax

You want your business to pay the minimum estimated tax amount without triggering a penalty for underpayment. Keep in mind that the next payment deadline is September 16, 2024.
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Not-for-Profit Excess Benefit Transactions

Not only must your nonprofit avoid excess benefit transactions, but it also must prevent the appearance of private inurement to insiders. The repercussions can be serious.
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Financial Mistakes Startups Should Avoid

Launching a startup is an exciting venture, but it's easy to overlook some crucial financial aspects. Financial mistakes can make or break your startup's success. Learn how to avoid these common pitfalls and build a thriving business.
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Employee Retention Credit Processing

The IRS is making significant strides in processing Employee Retention Credit claims. Gain a deeper understanding of these recent updates and their implications for your business.
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Your Next Form 990 Filing

The deadline for calendar-year nonprofits to file Form 990 with the IRS has come and gone. But it’s never too early to think about reporting responsibilities for the next deadline. Read more for more information activities to track.
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Expanded Overtime Rules

Discover how the Department of Labor's recent expansion of overtime rules could impact your business. This article discusses the key changes and implications of the new regulations.
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Preparing for Post-TCJA

Preparing for post-TCJA corporate tax changes in 2026 and beyond should be explored now. This article clarifies the complex tax landscape and offers valuable foresight for businesses.
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2025 Amounts for Health Savings Accounts

The IRS recently released the 2025 Health Savings Account (HSA) amounts, which have been adjusted for inflation.
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Nonprofit Audit Findings

Nonprofit audit findings usually contain recommendations that need to be taken seriously and acted on. Failing to take action could threaten your nonprofit's future.
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Volunteer Legal Risk and Tax Liability

Most charitable volunteers don’t think about potential legal and tax liabilities resulting from their volunteer activities. As a nonprofit leader, it’s your responsibility to ensure they never have to worry about such risks.
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Disaster Relief Charities – IRS Tax Rules

Many natural disaster relief charities are gearing up for a potentially busy tornado and hurricane season. Before an emergency hits, make sure you know IRS rules for providing aid to victims.
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