The IRS is moving toward a fully electronic environment for tax payments and refunds. The direction is clear – paper checks are being phased out. Read the full article to learn more.
Every year, nonprofit organizations are required to file the appropriate version of the Form 990 series with the IRS. What many organizations overlook is that Form 990 is more than a compliance requirement—it’s a powerful storytelling tool. Read more.
Achieving tax-exempt status is a significant milestone for any nonprofit organization—but keeping it requires ongoing diligence. The IRS expects tax-exempt organizations to meet specific compliance requirements every year. Read more.
Are you confident you are doing everything you can to minimize your income taxes? If not, it may be time for a fresh look. Check out the 2025 Year-End Year-Round Tax Planning Guide.
A new year brings important payroll and 1099 reporting responsibilities for business owners. Read more for some key reminders and checklists to assist with year-end reporting.
There are important due dates that may be applicable to nonprofit organizations with a year-end of December 31, 2025. Read the article for a list of due date reminders.
Tax-related identity theft is unfortunately here to stay. Taking proactive steps such as requesting an Identity Protection PIN (IP PIN) from the IRS can help prevent fraudulent tax filings. Learn more.
Taxpayers should review their income tax withholding amount periodically, or when there is a major life event, to make sure that these events don't have a significant impact when it comes time to file their tax returns. Read more.
While audits are valuable, they are not always necessary—or even the best use of limited resources. Before committing to one, it is worth asking: does your organization truly need an audit? Learn more.
Revenue recognition refers to the procedures used to record and report funding received and depends on the type of pledge. Learn more about the different types of pledges and how to record them.
