News & Insights

Most accountants work with numbers.  We work with people.

Spring 2020

Surviving the COVID-19 Crisis

A nonprofit action plan

Good Records Are the Key to Tax Deductions and Trouble-Free IRS Audits

Here are three court cases to illustrate some of the issues.

Winter 2020

Congress Rolls Back Burdensome UBIT on Transportation Benefits

A much-hated tax on not-for-profit organizations is on the way out.

Reasons Why Married Couples Might Want to File Separate Tax Returns

The answer depends on your individual tax situation.

How to Prepare your Nonprofit for a Financial Audit

Fortunately, you can reduce the cost of external audits with good preparation.

Home is Where the Tax Breaks Might Be

If you own a home, the interest you pay on your home mortgage may provide a tax break.

COVID-19 Response: Office Closure Notice

Our office will be closed as of 5 p.m. Wednesday, March 18, 2020.

IRS Guidance on Payment Deadline Extended to July 15, 2020

UPDATE: The filing deadline for tax returns has also been extended to July 15th.

The New COVID-19 Law Provides Businesses with More Relief

Here are some of the tax-related provisions in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).

CARES Act Offers New Hope for Cash-Strapped Nonprofits

Most nonprofits affected are eligible for some relief under the CARES Act.

Fall 2019

Nonprofits Can Borrow, but Finding a Lender May be Tough

Borrowing isn’t just for businesses.

Accounting for Contributions and Grants is Now Easier

FASB provided some much-needed clarification of earlier instructions

Small Businesses: Stay Clear of a Severe Payroll Tax Penalty

One of the most laborious tasks for small businesses is managing payroll.

Summer 2019

Spring 2019

Holding on to Your Nonprofit’s Exempt Status

It’s worth reviewing the IRS’s exempt-status rules to make sure your organization is operating within them.

How to Outsource Your Nonprofit’s Human Resources Function

Here are some suggestions if you’re thinking about outsourcing part or all of your HR tasks.

Fiduciary Duties: What Your Board Members Need to Know

To protect your nonprofit’s financial health and integrity, it’s important that you help them understand.

2019 Q3 Tax Calendar:

Key deadlines for businesses and other employers

Winter 2019

Make a Deductible IRA Contribution for 2018. It’s not too late!

Do you want to save more for retirement on a tax-favored basis?

Are Your Volunteers Putting Your Nonprofit at Risk?

Your organization needs to take steps to limit risk associated with unpaid workers.

There’s Still Time to Get Substantiation for 2018 Donations

Can you still claim an itemized deduction for the gift on your 2018 income tax return? It depends.

3 Big TCJA Changes Affecting 2018 Individual Tax Returns and Beyond

When you file your 2018 income tax return, you’ll likely find that some big tax law changes affect you.

What Will your Marginal Income Tax Rate Be?

Some may see additional tax savings due to their filing status

How to Convince Donors to Remove “Restricted” from Their Gifts

Restricted gifts — or donations with conditions attached — can be difficult for not-for-profits to manage.

5 Questions Can Help Nonprofits Avoid Accounting and Tax Mistakes

Get started by considering the following five questions

Fall 2018

Do You Need to Make an Estimated Tax Payment by September 17?

The third 2018 estimated tax payment deadline for individuals is September 17.

Volunteers Are Assets Nonprofits Must Protect

How much are your volunteers worth?

Nonprofits: Here’s How to Embrace Accountability

Your not-for-profit needs to embrace accountability

Charitable IRA Rollovers May be Especially Beneficial in 2018

If you’re age 70½ or older, you can make direct contributions

The Fine Art of Valuing Donated Property

There’s no single formula for calculating it

2019 Q1 Tax Calendar

Key deadlines for businesses and other employers

Spring 2018

Accounting for Pledges Isn’t as Simple as it Might Seem

When a donor promises to make a contribution at a later date, your not-for-profit likely welcomes it. But such pledges can come with complicated accounting issues.

Saving Tax on Restricted Stock Awards with the Sec. 83(b) Election

Convert ordinary income to long-term capital gains

Holding a Fundraising Auction?

Make sure your nonprofit is tax-compliant

2018 Q3 Tax Calendar

Key deadlines for businesses and other employers

Winter 2018

Tax Cuts and Jobs Act

Key provisions affecting individuals

Casualty Losses Can Provide a 2017 Deduction, but Rules Tighten for 2018

Here are some things you should know about deducting casualty losses on your 2017 return

Is Your Nonprofit’s Board Providing Adequate Fiscal Oversight?

You should regularly evaluate your board’s financial oversight

2 Tax Credits Just for Small Businesses May Reduce Your 2017 and 2018 Tax Bills

Two still-available tax credits are especially for small businesses that provide certain employee benefits

Fall 2017

Finding and Keeping Event Sponsors

Aim for the right targets

Make Sure Your Nonprofit’s SEO Strategy Keeps Pace with the Web

Check to see if your website is among the top search results

All Charitable Deductions Aren’t Created Equal

What can — and can’t — they deduct?

Is Board Member Compensation a Good Idea?

Add up the pluses and minuses

Retirement Savings Opportunity for the Self-Employed

There’s still time to set up such a plan for 2017

5 Simple Steps to a Better Nonprofit Budget

Here’s how to make the process a little less painful.

SUMMER 2017

Spring 2017

WINTER 2017

Collaborative Activities

Are you reporting them correctly?

Your Employee Handbook

Is it time for a tune-up?

Nonprofit Life Cycle

Challenges and opportunities mark growth stage

Your Nonprofit’s Bylaws

Those golden rules may need more than polishing

What to Do if Your Nonprofit Receives an IRS Audit Letter

Do you know what to do if your organization receives an audit letter?

Key Deadlines for Businesses and Other Employers

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2017

Fall 2016

Political Activity

Tread carefully this election season

Related Entities

Collaborative Activities — Are you reporting them correctly?

Extended Credits

Two Extended Credits Can Save Businesses Taxes on Their 2015 Returns

Home Office Expenses

Deduct Home Office Expenses — If You’re Eligible