Successful not-for-profits typically proceed along a standard life cycle. Their early stage precedes a growth period that runs several years, followed by maturity.
We live and work in an era of big data. Banks are active participants, keeping a keen eye on metrics that help them accurately estimate risk of default.
Here are some of the key tax-related deadlines affecting businesses and other employers during the second quarter of 2018.
Perhaps. It depends on several factors, such as your parent’s income and how much financial support you provided.
Auditors often say that the tone at the top of an organization trickles down to every level of the business. Is your company’s work environment ethical and open?
Normally when appreciated business assets such as real estate are sold, tax is owed on the appreciation. But there’s a way to defer this tax: a Section 1031 “like kind” exchange.
Like their for-profit counterparts, not-for-profits are increasingly allowing employees to telecommute.
Home ownership is a key element of the American dream for many, and the U.S. tax code includes many tax breaks that help support this dream.
When accountants conduct an audit or review, they can’t test every transaction. Instead, they set a “materiality” threshold.
Nonprofits don’t face the same government regulations or public scrutiny as for-profit public companies do. But that doesn’t mean your board can afford to get slack about financial governance.
Whether you’re claiming charitable deductions on your 2017 return or planning your donations for 2018, be sure you know how much you’re allowed to deduct.
If you suffered damage to your home or personal property last year, you may be able to deduct these “casualty” losses on your 2017 federal income tax return.
Repairs to tangible property, such as buildings, machinery, equipment or vehicles, can provide businesses a valuable current tax deduction — as long as the so-called repairs weren’t actually “impro
Every business experiences occasional cash shortages. When this happens, owners often assume they should go out and sell more.
Has your not-for-profit’s program lineup remained unchanged for at least a couple of years? If so, consider using the tradition of spring cleaning to review your offerings.
For some business owners, succession planning is a complex and delicate matter involving family members and a long, gradual transition out of the company.
Individuals can deduct some vehicle-related expenses in certain circumstances. Rather than keeping track of the actual costs, you can use a standard mileage rate to compute your deductions.
When it comes to income tax returns, April 15 (actually April 17 this year, because of a weekend and a Washington, D.C., holiday) isn’t the only deadline taxpayers need to think about.
Today’s auditors spend significant time determining whether amounts claimed on the income statement capture the company’s financial performance during the reporting period.