Blog

Becky Gibbs | Nov. 29, 2022

Operating Reserves Can Help Cushion Financial Blows

First the COVID-19 pandemic wreaked havoc on not-for-profit finances and operations. Now, many organizations are worried about how high inflation…

John Csargo | Nov. 28, 2022

Intangible Assets: How Must the Costs Incurred Be Capitalized?

The term “intangibles” covers many items. It may not always be simple to determine whether an intangible asset or benefit…

Ashley Sparks | Nov. 23, 2022

Don’t Fall for Invoice Fraud Schemes

Middle-market businesses lose an average of almost $300,000 annually to invoice fraud, according to a recent survey by software company…

Greg Carlson | Nov. 15, 2022

November 21, 2022: Section 174 R&D Costs Update Webinar Recording

The Tax Cuts & Jobs Act made significant changes to the tax treatment of R&D costs that will affect almost…

John Csargo | Nov. 7, 2022

2023 Limits for Businesses That Have HSAs — or Want to Establish Them

No one needs to remind business owners that the cost of employee health care benefits keeps going up. One way…

John Csargo | Nov. 4, 2022

Inflation Means You and Your Employees Can Save More for Retirement in 2023

How much can you and your employees contribute to your 401(k)s next year — or other retirement plans? In Notice…

Randy Feld | Nov. 2, 2022

Finding Comparable Transactions to Use in Business Valuation

The market approach is an intuitive way to value a private business interest. It bases the subject company’s value on…

Becky Gibbs | Oct. 31, 2022

The Audit is Over. Now What?

Whew! That’s probably your reaction when outside experts announce that their audit of your not-for-profit is complete. But even if…

John Csargo | Oct. 26, 2022

Employers: In 2023, the Social Security Wage Base is Going Up

The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $160,200 for…

Anna Lovegren | Oct. 21, 2022

Keep Your Religious Congregation on the Financial Straight and Narrow

Religious congregations usually enjoy greater protection from federal government oversight than other not-for-profit organizations. For example, the IRS can’t conduct…

John Csargo | Oct. 5, 2022

Worried About an IRS Audit? Prepare in Advance

IRS audit rates are historically low, according to a recent Government Accountability Office (GAO) report, but that’s little consolation if…

Anna Lovegren | Oct. 3, 2022

Lost Your Tax-Exempt Status? Here’s How to Regain It

So you forgot to file your not-for-profit’s Form 990, 990-EZ or 990-N with the IRS. It can happen — particularly…