Fringe benefits are simply another form of compensation. They are not paid in the form of wages, yet they play a meaningful role in how employees experience the value of their work. These benefits are especially useful when you are trying to attract and retain top talent. In most cases, any fringe benefit you provide […]

While summer fun feels almost mandatory, the Internal Revenue Service is gently nudging us to consider how activities such as business travel, part-time work and getting married can affect next year’s tax return. Here are tips to make tax season a little sunnier. Getting married involves plenty of planning. Newlyweds can ease tax filing by […]

If you want your money to go to the people you choose and avoid unnecessary tax losses, consider how your assets are structured and which planning tools you implement. These factors can significantly affect how much of your estate is preserved and reaches your intended beneficiaries. Because different assets are treated differently under the tax […]

Health savings accounts provide employees with a smart way to save for medical expenses, even into retirement. Their triple tax benefit comes from their structure: contributions are made pretax, the money grows tax-free and withdrawals for qualified medical expenses are tax-free. As of Dec. 31, 2024, HSAs covered over 59 million Americans across 39.3 million […]

Incomplete or inaccurate grant reports can jeopardize future funding, making reporting one of the high-stakes administrative functions in nonprofit management. However, organizations that maximize their reporting infrastructure don’t just meet requirements; they leverage the same data to address more complex questions about program performance, resource allocation and financial risk. Making reports work The foundation of […]

Tax problems can create a surprisingly heavy financial burden for small businesses. Penalties and interest from the IRS, late payment fees, professional costs, audit expenses and even missed deductions or credits can chip away at your cash flow. These issues also tend to bring along their own entourage of stress, anxiety, operational disruption and strained […]

You’re expecting a tax refund, and you gave the IRS your bank info so they can deposit it directly in your account. But what if there’s a problem? In that case, the IRS will give you something called a “CP53E notice” saying it could not deposit the money and that you have 30 days to […]

The Internal Revenue Service has announced a new, streamlined way for taxpayers to extend the period of time for the IRS and the IRS Independent Office of Appeals to review a taxpayer’s response to a disallowance of an Employee Retention Credit (ERC) claim to avoid refund litigation. When an ERC claim is disallowed by the […]

Before Congress passed the 2017 Tax Cuts and Jobs Act, you could deduct moving expenses if you were making your move because you were starting a new job in a different location or your employer transferred you to a new job that required a move. By claiming these deductions, you could lower your income tax […]

The IRS Office of Appeals is designed to resolve tax disputes without going to court. It operates independently from the audit and collection functions, which helps ensure an impartial review. A successful appeal can reduce or eliminate taxes and penalties, but only if your position is grounded in tax law and supported by facts. When […]