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The IRS Has Just Announced 2024 Amounts for Health Savings Accounts

The IRS recently released guidance providing the 2024 inflation-adjusted amounts for Health Savings Accounts (HSAs). HSA fundamentals An HSA is a trust created or organized exclusively for the pur... Read More »

Keep These DOs and DON’Ts in Mind When Deducting Business Meal and Vehicle Expenses

If you’re claiming deductions for business meals or auto expenses, expect the IRS to closely review them. In some cases, taxpayers have incomplete documentation or try to create records mont... Read More »

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Should You Reassess Your Nonprofit’s Office Space?

Since the original COVID-19 lockdowns, many not-for-profits have allowed their staffers to work from home — or work a hybrid schedule that puts them onsite only part time. This can leave a lo... Read More »

non profit nonprofits office space

How to Train Your Nonprofit’s Employees to Combat Hackers

Using the cash basis of accounting may make sense for your not-for-profit organization — at least at this stage. Many smaller nonprofits use the cash basis to prepare their financial statemen... Read More »

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4 Tax Challenges You May Encounter If You’re Retiring Soon

Are you getting ready to retire? If so, you’ll soon experience changes in your lifestyle and income sources that may have numerous tax implications. Here’s a brief rundown of four tax a... Read More »

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Ease the Burden of Being a Member of the Sandwich Generation with These Action Steps

If you’re currently taking care of your children and elderly parents, count yourself among those in the “Sandwich Generation.” Although it may be personally gratifying to help you... Read More »

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Avoid Succession Drama with a Buy-Sell Agreement

Recently, the critically acclaimed television show “Succession” aired its final episode. If the series accomplished anything, it was depicting the chaos and uncertainty that can take pl... Read More »

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How to Use QuickBooks as a Fraud Detection Tool

Many businesses and nonprofits use QuickBooks® as a cost-effective solution to manage their accounting processes. However, the software’s capabilities extend beyond organizing and streaml... Read More »

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Keeping in Compliance with Uniform Guidance

If your not-for-profit receives significant federal funds, it may be subject to the Office of Management and Budget’s Administrative Requirements, Cost Principles, and Audit Requirements (Uni... Read More »

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Retirement Saving Options for Your Small Business: Keep It Simple

If you’re thinking about setting up a retirement plan for yourself and your employees, but you’re worried about the financial commitment and administrative burdens involved, there are ... Read More »

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