Should Your Nonprofit Adopt (or Revise) Term Limits for Board Members?
Board composition plays a critical role in a nonprofit’s governance, financial oversight, and long-term sustainability. One question many organizations face is whether to have term limits for board members.
Benefits of Using a CRT and a WRT in Tandem to Achieve Two Estate Planning Goals
Would you like your estate plan to support your favorite charity and leave a legacy for your family? Two trust types can be used together to help achieve those goals: a charitable remainder trust (CRT) and a wealth replacement trust (WRT).
An Employee Wants to Work Remotely for Health Reasons—Do I Have to Say Yes?
Employees are increasingly asking to work remotely for health-related reasons, and many employers are unsure how to respond. While remote work can be a reasonable accommodation, it is not automatic and not required in every situation.
What You Need to Know About Filing an Extension—and Minimizing Penalties
If you don’t have everything ready to complete your 2025 federal individual income tax return by the April 15 deadline, you can request an automatic extension. Filing Form 4868, “Application for Automatic Extension of Time to File U.S.
FAQs About the Federal Research Credit
Companies that engage in research and development activities may qualify for a federal tax credit for some of those expenses. The credit can be complicated to calculate, and not all research activities are eligible—but the tax savings can be significant.
Understanding GASB No. 103: What Governments Need to Know for FY 2026
As state and local governments prepare for upcoming financial reporting cycles, a new Governmental Accounting Standards Board (GASB) Statement No. 103, Financial Reporting Model Improvements, deserves close attention.
Recent Uniform Guidance Changes: What State and Local Governments Need to Know
As governments transition to the revised Uniform Guidance (2 CFR Part 200), there are significant updates that will impact processes and compliance measures.
What You Need to Know About ILITs—and Your Options for Undoing One
Life insurance can provide peace of mind, but if your estate is large enough that estate taxes are a concern, it’s important not to own the policy at death. Why? The policy’s proceeds will be included in your taxable estate.
Protecting Nonprofit Operations and Financial Stability When Disaster Strikes
From winter storms and flash floods to wildfires and hurricanes, nearly every region of the United States faces the risk of natural disasters.
Who Do You Owe? 5 Ways QuickBooks Online Helps You Pay Vendors
Neglecting your outstanding payables will wreak havoc with your company’s cash flow. Here’s how to use QuickBooks Online to stay current.