Oct 17, 2022 | Accounting, Advisory, Blog, Nonprofit, Tax
If your organization has met the IRS qualifications to be considered tax-exempt, the income you receive — such as donor contributions — is exempt from federal income tax. However, it is still possible for nonprofits to follow the rules and experience adverse tax...
Oct 3, 2022 | Advisory, Blog, Real Estate and Construction
In many areas, the real estate sector has been hit hard. Commercial properties, including apartment complexes, retail, and industrial properties, are down in value. This may attract investors in search of good buying opportunities. However, potential buyers should...
Sep 19, 2022 | Advisory, Audit, Blog
Check those checks closely. Although debit cards, electronic funds transfers, and other high-tech ways of moving and paying money have become popular, check fraud remains a risk for businesses and other organizations. According to the most recent fraud survey by the...
Sep 12, 2022 | Accounting, Advisory, Blog, Business Valuation
You cannot physically touch goodwill, but it is a significantly valuable asset for many businesses. Although it is most commonly associated with professional service firms, goodwill can also exist among manufacturers, retailers, contractors, and other types of...
Aug 29, 2022 | Advisory, Blog, Estate Planning, Tax
As Americans live longer in retirement — often for several decades — it becomes more challenging to plan for a consistently high standard of living. In addition to maintaining retirement income, you may also want to pass on some wealth to your family. To achieve both...
Aug 8, 2022 | Accounting, Advisory, Blog, Estate Planning, Tax
The 2022 tax year is well underway, and year end will be here before you know it. Now is a good time to take proactive steps to help reduce the current year’s tax bill. Here are some federal tax-planning strategies to consider. Managing Gains and Losses in...
