No one needs to tell nonprofit organizations how tough the past year has been. According to the John Hopkins Center for Civil Society Studies, 7.7%…read more

In order to stimulate job growth President Obama, on April 5, 2012, signed the Jumpstart Our Business Startups Act (the “JOBS Act”) into law.  The…read more

On March 27, President Trump signed into law another coronavirus (COVID-19) law, which provides extensive relief for businesses and employers. Here are some of the…read more

As you’ve probably heard, a new law was recently passed with a wide range of retirement plan changes for employers and individuals. One of the…read more

There’s a new IRS form for business taxpayers that pay or receive nonemployee compensation. Beginning with tax year 2020, payers must complete Form 1099-NEC, Nonemployee…read more

Did you know that the Financial Accounting Standards Board (FASB) recently extended the simplified private-company accounting alternatives to not-for-profit organizations? Many merging nonprofits, including educational…read more

The COVID-19 pandemic revealed the shortcomings of not being prepared for the unexpected. Prior to the COVID-19 pandemic, as of January 1, 2020, New York…read more

The IRS recently issued its 2024 cost-of-living adjustments for more than 60 tax provisions. With inflation moderating slightly this year over last, many amounts will…read more

The IRS has announced its 2019 cost-of-living adjustments to tax items that might affect you. Many of the amounts increased to account for inflation, but…read more

As you scramble to get up-to-date on changes to the federal tax rules under the Tax Cuts and Jobs Act, there also will be major…read more

The Tax Cuts and Jobs Act (TCJA) is 479 pages long and covers a lot of ground. Here are some lesser-known aspects of the new…read more

One of the most valuable tax breaks in the Tax Cuts and Jobs Act (TCJA) is the new deduction for up to 20% of qualified…read more