News & Insights
News
Insights
Recent Posts
- Consider an Installment Sale to Optimize Taxes When Selling Your Business
- 5 Year-End Tax Planning Strategies for Businesses
- 5 Tax-Smart Ways to Take Cash Out of Your C Corporation
- New Law Extends Tax Relief for Disaster-Related Personal Casualty Losses and More
- When One Revenue Source Carries Too Much of the Mission
- Trump Accounts Are Here: What Families and Employers Should Know
- Watch Out for the Growing Reach of the Additional 3.8% Tax on Investment Income
- How to Avoid and Correct Common Payroll Tax Mistakes
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How Should Your Nonprofit Account for Pledges?
A successful fundraising campaign can generate commitments that stretch well beyond the current year. Those pledges can help your nonprofit plan ahead. But when should they appear in your financial…
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Understanding Deferred Taxes: Why Book Income and Taxable Income Don’t Always Match
Deferred taxes remain one of the more misunderstood areas of financial reporting. Deferred tax assets and liabilities generally reflect temporary differences between when items are recognized for book and tax…
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Repair or Improvement: Does the Distinction Matter Under Current Tax Law?
Ordinary repair and maintenance costs are generally deductible in the year they’re paid or incurred, depending on your accounting method. Costs that improve property must be capitalized. However, under current tax law,…
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Restructure Your Nonprofit with Confidence
Restructuring can help certain nonprofits reduce costs, combine resources, change their legal forms or move to another state. IRS guidance generally allows domestic organizations recognized as tax-exempt under Section 501(c)…
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Which Products Really Drive Your Business’s Profits?
Robust sales don’t always translate into strong profits. A popular product could produce disappointing returns when you account for discounts, shipping, returns and support costs. At the same time, a…