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The Tax Cuts and Jobs Act (TCJA) significantly boosted the potential value of bonus depreciation for taxpayers — but only for a limited duration. The…read more
You might think that artificial intelligence (AI) is just about using computers to perform complex tasks that otherwise would require human intelligence. That’s part of…read more
The IRS has opened the Economic Impact Payment webpage. This page allows non-tax filers to enter their information to the IRS to receive stimulus payment….read more
Awards and settlements are routinely provided for a variety of reasons. For example, a person could receive compensatory and punitive damage payments for personal injury,…read more
According to nonprofit consultant Double the Donation, almost 65% of U.S. companies offer matching gift programs to help boost their employees’ charitable giving power. Sadly,…read more
If your charity or association depends financially on membership fees, you know that non-renewals are cause for concern. During this time of economic and occupational…read more
If risk wasn’t a nagging concern for nonprofits before the pandemic, it certainly is now. Health risks to staffers, volunteers and clients, and financial threats,…read more
A business or individual might be able to dispose of appreciated real property without being taxed on the gain by exchanging it rather than selling…read more
Accountable plans reimburse employees for work-related expenses free of federal income and employment taxes. So reimbursement payments aren’t subject to withholding from staffers’ paychecks. Your…read more
Taking care of an elderly parent or grandparent may provide more than just personal satisfaction. You could also be eligible for tax breaks. Here’s a…read more
Holiday-inspired generosity and the desire to reduce tax liability makes the end of the year a busy time for charitable giving. According to Network for…read more
If you’re in business for yourself as a sole proprietor, or you’re planning to start a business, you need to know about the tax aspects…read more
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