Find your nonprofit’s next leader with a team and a plan
If a nonprofit leader leaves unexpectedly and there’s no executive search committee or plan ready, a disorganized and lengthy search is likely. Here’s how to be ready to replace a critical employee. Contact our nonprofit advisors for guidance.
Tired of typing? Try recurring transactions in QuickBooks Online
Having trouble remembering your bills? Are you sending the same invoices every month? Set up recurring transactions in QuickBooks Online. We can show you how.
Planning a summer business trip? Turn travel into tax deductions
If you or your employees are heading out of town for business this summer, it’s important to understand the travel deduction tax rules. If a trip includes both business and personal time, only expenses related to the business portion (such as meals and lodging for business days) are deductible. Contact our tax advisors for guidance on what’s deductible in your situation.
Nonprofits: Beware of shady investment advisors
If you have an endowment or stash of operating reserves, a shady investment advisor could pose as a legitimate and experienced expert and trick you into handing it over. Here’s how to avoid this type of scheme, as well as how to maintain your nonprofit’s image as a responsible financial steward. Contact our nonprofit advisors with questions.
When the problem is the manager
In a small business, each employee plays an important role, including the managers. But what happens when a manager, who may also be a high performer or long-time team member, is the source of workplace issues? It's a tough situation, but it’s not uncommon.
Digital assets and taxes: What you need to know
Curious how your crypto, NFTs or stablecoins could impact your taxes? We break down what the IRS expects and how to stay compliant when reporting digital asset transactions. Contact our tax experts for help.
Have you made arrangements for your pets in your estate plan?
Including your pets in your estate plan ensures they’ll continue to receive care if something happens to you. Unless you arrange for their care and support after your death, they’ll go to the residuary beneficiary in your will. Here's how to address your pets in your estate plan.
After a person dies, his or her debts live on
It’s important to realize that a person’s debt doesn’t just vanish after his or her death. An estate’s executor or beneficiaries generally aren’t personally liable for any debt. The estate itself is liable for the deceased’s debt. This is true regardless of whether the estate goes through probate or a revocable trust is used to avoid probate. Contact our estate planning advisors for details.
When corporate sponsorships raise UBIT issues
At a time when every dollar counts, your nonprofit doesn’t want to end up with a UBIT bill. So be careful when accepting corporate sponsorships because some can be risky. Read here or contact our nonprofit advisors for helpful tips.
Being a gig worker comes with tax consequences
The gig economy offers flexibility, autonomy and a way to earn income, but it also comes with tax obligations that can catch many workers off guard. Whether you’re driving for a rideshare service, delivering food, selling products online, or offering local services like pet walking, it’s crucial to understand the tax implications of gig work to stay compliant and avoid costly surprises. Contact our tax advisors with questions.