Industries: Nonprofit
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2025 OMB Compliance Supplement and Your Single Audit
The 2025 OMB Compliance Supplement adds a dual-track Part 3 for single audits. Here is what changed for awards under the old and new…
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2024 Yellow Book Audit Changes: Quality Management Is Here
The 2024 Yellow Book replaces quality control with risk-based quality management, effective for financial audits of periods beginning on or after Dec 15, 2025.
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Charitable Donation Tax Deduction Rules Under the 2025 Tax
The 2025 Tax Act reshapes charitable donation tax deduction rules with a new 0.5% AGI floor in 2026, a permanent 60% cash limit, and…
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Charitable Deductions 2026: OBBBA Rules and Strategies
The OBBBA adds a 0.5% AGI floor and 2/37ths rule to charitable deductions in 2026. Learn strategies to maximize your tax benefit.
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642(c) Election: Reduce Trust and Estate Taxes
The 642(c) election lets fiduciaries deduct charitable contributions made after year-end against the prior year’s trust or estate income, reducing taxes and increasing flexibility.
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Required Minimum Distributions: Rules and Tax Strategies
Required minimum distributions start at age 73. Learn the RMD rules, deadlines, and tax strategies to reduce your retirement withdrawal burden.
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Corporate Transparency Act Update: What Businesses Must Know
The Corporate Transparency Act update now exempts U.S. companies from BOI reporting. Learn what the CTA means for your business in 2026.
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1099 Reporting Requirements
Learn the key 1099 reporting requirements for businesses, including filing deadlines, payment thresholds, and 1099-NEC vs 1099-MISC rules.
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Cybersecurity Best Practices: Step Back to Leap Forward
Learn cybersecurity best practices from the ISACA 2024 report: workforce planning, AI integration, and budget strategies to strengthen security.
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Lifetime Gift and Estate Tax Exemption
The threatened lifetime gift tax exemption sunset was canceled. Learn the new $15 million 2026 exemption, how irrevocable trusts freeze estate value, and what…