Mistakes happen - managing a non-profit is too complex for there not to be. Some errors are harder to fix than others, and it’s important to focus on minimizing potential mistakes that would cause your non-profit to lose precious financial resources. This includes accurately managing … Read More
Non-profits use special events to raise large amounts in a short period of time. Most often, the donor receives a direct benefit from the event — such as dinner or participation in a gaming activity. But special events don’t always meet their fundraising goals. In fact, organizations can lose money … Read More
Non-profit board members are legally able to be compensated, and sometimes it might even be necessary. But is it right for your organization? Pro and cons to board compensation Board member compensation comes with several pros and cons to consider. One of the considerations for compensation … Read More
Changes in tax laws occur every year, affecting businesses of all types. These changes affect the planning and preparation of taxes for businesses ranging from sole proprietorships to large corporations. Here is a quick look at the changes which take effect during the 2017 filing season. Tax … Read More
Now is the time to start preparing your 2017 taxes. For individuals taxes must be filed by Tuesday, April 17, 2018. Your income taxes are affected by a number of factors, including such things as the sale of your primary home. The more complicated your taxes become, the more important it is to … Read More
Congress is enacting the biggest tax reform law in thirty years. The 2017 Tax Reform is one that will make fundamental changes in the way you, your family and your business calculate your federal income tax bill, and the amount of federal tax you will pay. Since most of the changes will go into … Read More
According to an article in Forbes magazine, less than 10 percent of home-based business owners use the home of office deduction. The Internal Revenue Service has made it easier to claim the deduction by establishing a simplified option that reduces the number of calculations you must make. To make … Read More
If you are caring for an elderly parent, you are definitely not alone. In fact, according to a study conducted in collaboration with the AARP, 29% of the U.S. population provides care for at least one aging, chronically ill or disabled family member or friend at any given time. Along with concerns … Read More
Tax return preparation is often an overwhelming task that causes headaches and concerns. Selecting the right tax preparer to examine your financial statements and prepare a tax return is crucial; especially if you own a business. What To Look for in a Professional Tax Preparer Recently the IRS … Read More