It’s been years since the Tax Cuts and Jobs Act (TCJA) of 2017 was signed into law, but it’s still having an impact. Several provisions in the law have expired or will expire in the next few years. One provision… Read More
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Data analytics is more accessible than you might think
Data analytics is the science of collecting and analyzing sets of data to develop useful insights, connections and patterns that can lead to better informed decision making. It can be enormously useful for not-for-profits. For example, data-driven nonprofit Community Solutions… Read More
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Claiming losses on depreciated or worthless stock
Have you bought stock in a company that later dropped in value? While you may prefer to forget such an ill-fated investment, at least you can claim a capital loss deduction on your tax return. Here are the rules that… Read More
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Protect the “ordinary and necessary” advertising expenses of your business
Under tax law, businesses can generally deduct advertising and marketing expenses that help keep existing customers and bring in new ones. This valuable tax deduction can help businesses cut their taxes. However, in order to be deductible, advertising and marketing… Read More
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Supreme Court: Overtime rules still apply to highly compensated employees
Supreme Court: Overtime rules still apply to highly compensated employees If you were told someone earns more than $200,000 annually, you might assume the person is a salaried employee who’s ineligible for overtime pay. However, as demonstrated in the recent… Read More
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Buying a new business vehicle? A heavy SUV is a tax-smart choice
Buying a new business vehicle? A heavy SUV is a tax-smart choice If you’re buying or replacing a vehicle that you’ll use in your business, be aware that a heavy SUV may provide a more generous tax break this year… Read More
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Do you run a business from home? You may be able to deduct home office expenses
Do you run a business from home? You may be able to deduct home office expenses Many people began working from home during the COVID-19 pandemic — and many still work from their home offices either all the time or on… Read More
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Influencer marketing could help your business (or not)
Influencer marketing could help your business (or not) Most companies today have some sort of presence on social media as part of their marketing efforts. If you’ve spent any time online as a business owner, you’d probably agree that building a… Read More
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Key tax issues in M&A transactions
Key tax issues in M&A transactions Merger and acquisition activity dropped dramatically last year due to rising interest rates and a slowing economy. The total value of M&A transactions in North America in 2022 was down 41.4% from 2021, according… Read More
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Are your Accounting and Development departments like oil and water?
Are your Accounting and Development departments like oil and water? When Accounting and Development teams don’t work well together, the situation can lead to more than employee hostility and conflict. It can affect the not-for-profit’s financial statements and lead to the… Read More