Year-End Year-Round Tax Planning Guide
Are you confident you are doing everything you can to minimize your income taxes? If not, it may be time for a fresh look. Click above to check out the 2022 Tax Planning Guide.
Form 5500 Revision Results in Less Plan Audits to be Performed
Beginning with the 2023 Form 5500 – Annual Return/Report of Employee Benefit Plan, fewer plans will require an audit due to the method for determining when a defined contribution plan (e.g. a 401(k) or 403(b) retirement plan) may file as a small plan being revised. Learn more.
Long-Term/Part-Time Employee Eligibility
The SECURE Act will soon allow part-time employees meeting specific hour requirements to participate in their company’s retirement plan. This requires an enormous amount of work to track part-time employee hours over consecutive years to meet requirements. Learn more.
Fidelity Bond Coverage Reminder
The Employee Retirement Income Security Act of 1974 (ERISA) requires that every person who handles plan assets to be bonded to protect the plan from losses due specifically to fraud or dishonesty. Read more.
How Charity Navigator and GuideStar Can Help Increase Donors
Donors like to be well-informed when making decisions on what nonprofit organizations to support. Click for a list of tips on how websites like CharityNavigator.org and Guidestar.org can help increase donors.
Social Media and Online Donations – Risk Management Considerations
For many years, nonprofits received charitable donations through mail or in person delivery. In recent years, it has become more convenient to make donations to nonprofits online. Learn more about the risks related to online donations.
A List of the Top Nonprofit Resources
Whether you are experienced or new to the field, every nonprofit professional should stay up to date with the industry changes and the resources available. Read more for a list of the top nonprofit resources.
Top Issues Nonprofits Will Face in 2023
2023 is well underway and not-for-profit organizations can expect to face challenges both new and familiar. Read more about the key issues nonprofits often face and suggestions on how to address them.
Mandatory Capitalization of Research and Experimentation Expenditures
Research and experimentation, also known as R&E, is an essential component of operations for businesses across a variety of sectors. Significant developments to the tax treatment of R&E costs will take effect for the 2022 tax year. Read this article to find out more.
Business Use of Vehicles
The IRS classifies vehicle use into three categories: business, personal, and commuting. Only expenses related to business use are deductible. Learn more about business use of vehicles.