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.
Vacation Home Rental Rules
If you own a second home that you are considering renting, you should understand the tax impacts. Click here to learn more.
Hobby or Business?
What started out as a hobby may be a business! Read this article for information to help determine if your hobby is really a business.
Customer Relationship Management Software Platforms for Nonprofits
Does your nonprofit organization think it may be time to purchase customer relationship management software (CRM) to streamline and organize operations? If so, click to keep reading for additional information!
What are the Filing Requirements for Nonprofits in North Carolina?
The filing requirements for nonprofits can vary greatly depending on the state in which the non-profit resides. In North Carolina, the obligations aren’t as extensive as some other states. Find out more.
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.