Nov 14, 2022 | Blog, Nonprofit
If your nonprofit focuses most of its fundraising energy on donors who can contribute to your mission and programs now, you may have neglected legacy gifts. Such gifts represent a portion of wealthy donors’ estates that go to your organization upon their death. Legacy...
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...
May 26, 2022 | Advisory, Agriculture, Beer, Blog, Cider, Closely Held Businesses, Cybersecurity, Estate Planning, Manufacturing, Nonprofit, Real Estate and Construction, Startup Business, Wine
According to blockchain data company Chainalysis, cryptocurrency transactions associated with illegal activity topped $14 billion in 2021. That’s almost double 2020 numbers — and the momentum shows no signs of slowing. In addition to outright cryptocurrency theft,...
May 23, 2022 | Agriculture, Beer, Blog, Cider, Manufacturing, Nonprofit, Startup Business, Wine
Entrepreneurs who launched new business ventures within the last year or so may find themselves contemplating a change but fear a shift at this point could be harmful. However, it is not too early to shift gears or even adopt a complete overhaul for your business....
May 16, 2022 | Advisory, Blog, Estate Planning, Family Administrative Services, Nonprofit, Tax
Nongrantor trusts can help you make charitable gifts that provide greater tax benefits than you would receive for individual donations. Although you do not give to charity simply for the tax deductions, it is wise to make the most of the money you have. Individual and...
May 9, 2022 | Agriculture, Beer, Blog, Cider, Manufacturing, Nonprofit, Real Estate and Construction, Startup Business, Wine
Increases in the price of consumer goods will affect most businesses, sooner or later. For example, if you operate a restaurant, spikes in food prices directly affect you. If you operate a fleet of delivery vehicles, you’re already feeling the effect of rising...
