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Harness the Power of QuickBooks for Your Business
March 17, 2025

Harness the Power of QuickBooks for Your Business

Accurate financial records help business owners manage cash flow, tax obligations and strategic planning. QuickBooksis one of the most widely used ...

Nonprofit • Real Estate and Construction • Business Advisory • Manufacturing • Accounting and Financial Operations
What Your Nonprofit Should Know About Credit Loss Reporting Rules
March 17, 2025

What Your Nonprofit Should Know About Credit Loss Reporting Rules

The Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) No. 2016-13 seems like it would be old news. However, the provision ...

Nonprofit • Audit and Assurance
Are NIL Collectives Breaking IRS Rules? What You Need to Know
November 21, 2024

Are NIL Collectives Breaking IRS Rules? What You Need to Know

In 2023, the IRS Chief Counsel released Memorandum AM 2023-004, which examined whether Name, Image, and Likeness (NIL) collectives, established to ...

Tax Planning • Nonprofit • Tax Compliance • Guide
Are You Liable for Two Extra Taxes This Year?
September 25, 2024

Are You Liable for Two Extra Taxes This Year?

A high income could subject you to two extra taxes: the 3.8% Net Investment Income Tax (NIIT) and the 0.9% additional Medicare tax on wage and ...

Tax Planning • Nonprofit • Real Estate and Construction
NIL Rule Changes: Tax Impacts for Schools Explained
September 25, 2024

NIL Rule Changes: Tax Impacts for Schools Explained

The college athletics landscape is undergoing a significant transformation, particularly with introducing Name, Image, and Likeness (NIL) ...

Tax Planning • Nonprofit • Tax Compliance
Nonprofits Don't Lose as Much to Fraud, but Risk Requires Action
June 25, 2024

Nonprofits Don't Lose as Much to Fraud, but Risk Requires Action

According to the Association of Certified Fraud Examiners (ACFE’s) Occupational Fraud 2024: A Report to the Nations, not-for-profits suffer roughly ...

Nonprofit • Fraud and Forensic • Audit and Assurance