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Steer clear of the wash sale rule if you’re selling stock by year end
Are you thinking about selling stock shares at a loss to offset gains that you’ve realized during 2020?
Small businesses: Cash in on depreciation tax savers
As we approach the end of the year, it’s a good time to think about whether your business needs to buy business equipment and other depreciable property.
Lessons of 2020: Change management
The year 2020 has taught businesses many lessons.
Principles to guide your nonprofit’s relationship with donors
In 1993, a consortium of philanthropic organizations came up with the Donor Bill of Rights to guide not-for-profits in their interactions with financial supporters.
The importance of S corporation basis and distribution elections
S corporations can provide tax advantages over C corporations in the right circumstances.
Employees: Don’t forget about your FSA funds
Many employees take advantage of the opportunity to save taxes by placing funds in their employer’s health or dependent care flexible spending arrangements (FSAs).
Cutoffs: What counts in 2020 vs. 2021
As year end approaches, it’s a good idea for calendar-year entities to review the guidelines for recognizing revenue and expenses.
Using footnotes to disclose your nonprofit’s financial information
Does anyone actually read footnotes?
Putting the finishing touches on next year’s budget
By now, some businesses have completed their 2021 budgets while others are still crunching numbers and scrutinizing line items.
Taking distributions from a traditional IRA
Although planning is needed to help build the biggest possible nest egg in your traditional IRA (including a SEP-IRA and SIMPLE-IRA), it’s even more critical that you
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