Blog

Becky Gibbs | May. 10, 2022

CFO, Yes or No? Here’s How to Decide

Whether your not-for-profit organization needs a chief financial officer (CFO) depends on many factors, such as the size of your…

Barb Sawdy | May. 4, 2022

Businesses May Receive Notices About Information Returns That Don’t Match IRS Records

The IRS has begun mailing notices to businesses, financial institutions and other payers that filed certain returns with information that…

Anna Lovegren | Apr. 27, 2022

What Charitable Givers Need to Know About Taxes

Although most charitable donors aren’t primarily motivated by potential tax breaks, they still need to know how donations affect their…

John Csargo | Apr. 25, 2022

The Tax Mechanics Involved in the Sale of Trade or Business Property

There are many rules that can potentially apply to the sale of business property. Thus, to simplify discussion, let’s assume…

Randy Feld | Apr. 18, 2022

Taking a Red Pen to Financials for Valuation Purposes

Financial statements are an important source of data for valuing a business. But they tell only part of the story.…

John Csargo | Apr. 12, 2022

Tax Issues to Assess When Converting from a C Corporation to an S Corporation

Operating as an S corporation may help reduce federal employment taxes for small businesses in the right circumstances. Although S…

Barb Sawdy | Mar. 30, 2022

Classify Your Nonprofit’s Workers Correctly — or Risk Repercussions

Many not-for-profits are understaffed in 2022, thanks to a labor shortage and pandemic-related budget shortfalls. Some organizations are filling the…

John Csargo | Mar. 29, 2022

2022 Q2 Tax Calendar: Key Deadlines for Businesses and Other Employers

Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of…

Anna Lovegren | Mar. 22, 2022

Conflict-of-Interest Policies: It’s About Trust

According to a 2021 Independent Sector survey, 57% of Americans trust not-for-profits to “do what is right.” Although that’s a…

John Csargo | Mar. 22, 2022

Taking the Opposite Approach: Ways Your Business Can Accelerate Taxable Income and Defer Deductions

Typically, businesses want to delay recognition of taxable income into future years and accelerate deductions into the current year. But…

Chris Wittich | Mar. 3, 2022

March 2nd, 2022: ERC Webinar Recording

Join Boyum’s Chris Wittich on March 2nd, 2022 for a informational webinar on Employee Retention Credit.

Becky Gibbs | Mar. 2, 2022

No Audit Required? Do It Anyway.

Your not-for-profit may not be required to undergo regular audits. But an audit can reassure donors and other stakeholders that…