News & Insights
News
Insights
Recent Posts
- Repair or Improvement: Does the Distinction Matter Under Current Tax Law?
- Restructure Your Nonprofit with Confidence
- Which Products Really Drive Your Business’s Profits?
- IRS Releases Guidance on the Paid Family and Medical Leave Tax Credit
- Plan Before Expanding Your Nonprofit’s Staff
- The Business Lifecycle Part 5: The Expansion Stage
- Worker Misclassification Can Carry Serious Consequences
- Take Control of Working Capital
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What is the MD&A Report in a Local Government Audit?
Reading and understanding a local government financial statement can be overwhelming and confusing. Although the Uniform Budgeting and Accounting Act may mandate the audit, board members often miss the opportunity…
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Navigating IRA Elective Pay for Nonprofits and Governmental Entities
The 2022 Inflation Reduction Act (IRA) opened new opportunities in tax credits. Nonprofits and governmental entities can now use certain tax credits even though they might not be liable for…
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BOI Reporting Requirements Suspended for Domestic Reporting Companies
The twisty journey of the Corporate Transparency Act’s (CTA’s) beneficial ownership information (BOI) reporting requirements has taken yet another turn. Following a February 18, 2025, ruling by a federal district court…
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Planning for the Future: 5 Business Succession Options and Their Tax Implications
When it’s time to consider your business’s future, succession planning can protect your legacy and successfully set up the next generation of leaders or owners. Whether you’re ready to retire,…
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Understanding the NIH’s New Indirect Cost Rate Policy: What Nonprofit and Higher Education CFOs Need to Know
Note: An update to this article is appended to reflect the February 21, 2025 ruling extending a temporary restraining order. The National Institutes of Health (NIH) has announced a major…