When does your nonprofit owe UBIT on investment income?
In recent years, the IRS has increased its scrutiny of not-for-profits’ unrelated business income...
Rental vs. Personal Use: Maximize Vacation Home Tax Savings
Now that we’ve hit midsummer, if you own a vacation home that you both rent out and use personally,...
All fringe benefits aren’t created equal for tax purposes
According to IRS Publication 5137, Fringe Benefit Guide, a fringe benefit is “a form of pay...
Less than 6 months until the new contract revenue guidance goes live!
The sweeping new revenue recognition standard goes into effect soon. But many companies are behind...
IRS Extension for Portability Election
Earlier this month, the IRS issued a Revenue Procedure that allows certain estates to make a late...
Fine-tuning your company’s compensation strategy
As a business evolves, so must its compensation strategy. Hopefully, your company is growing —...
Separate Real Estate from Corporate Assets for Tax Savings
It’s common for a business to own not only typical business assets, such as equipment, inventory...
Are you familiar with fraudulent transfer laws?
A primary goal of your estate plan is to transfer wealth to your family according to your wishes...
Protect Your Nonprofit Events: Insurance & Risk Tips
Not-for-profit special events can be lucrative from a fundraising standpoint, but they also carry...
Claiming a federal tax deduction for moving costs
Summer is a popular time to move, whether it’s so the kids don’t have to change schools...