Industries: Nonprofit
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The New Rules for Deducting Charitable Contributions
A goal of the 2025 Tax Act is to lower taxes for many individuals through a number of deductions such as increasing the standard…
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Maximizing Charitable Giving under the OBBBA
The One Big Beautiful Bill, P.L. 119-21, has changed the charitable giving landscape. Individuals, trust, and corporations, will feel the impacts differently. Taxpayers have…
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Maximize Flexibility and Minimize Trust and Estate Taxes with a 642(c) Election
Trusts and estates often make charitable contributions as part of their administration. When done thoughtfully, these contributions can provide not only philanthropic impact but…
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Considerations for Required Minimum Distributions
More than half of Americans have retirement accounts such as 401(k) or traditional IRAs, but many aren’t aware of the Required Minimum Distribution (RMD)…
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1099 Reporting
Every year businesses need to file 1099s. Some examples of 1099s that need to be filed every year are the 1099-Misc, 1099-Nec, 1099-int,…
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Effective Strategies: 1 Step Back to go 2 (or More) Steps Forward in Cybersecurity
Meta Description – Discover the key trends and challenges in cybersecurity for 2024, as highlighted in the ISACA State of Cybersecurity report. Learn about…
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Sunset for Higher Gift Tax Exemptions
With many of the provisions from the 2017 Tax Cuts and Jobs Act (TCJA) set to sunset at the end of 2025, so will…
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Gift Tax
The Gift Tax was created to limit the amount you can transfer to someone as a gift, with annual and lifetime exclusions created to…
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The Advantages of a HUD-insured Mortgage for your Leased Nursing Home
A common challenge leased nursing homes encounter is five-year commercial mortgage balloons. This results in significant expenses every five years to extend or replace…
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Year End is Quickly Approaching… Are you Prepared?
Fall is here. The trees are changing colors. Now is the perfect time to start working on your year-end tax planning. We have put…