By Divya Gadre Since navigating the headwinds of the past year, nonprofit organizations have reimagined their operations to maintain relationships with donors, volunteers and the communities they serve while discovering new means to protect mission funding. Even so,...
2021 State & Local Tax Year-End Issues To Consider Now
State and local governments are revisiting taxpayer compliance with nexus rules and other tax policies, considering new taxes on digital services and reconsidering conformity with federal tax rules and legislation in an effort to rebuild their economies. The following...
How to Boost Tax Deductions By Retroactively Adopting A Workplace Retirement Plan
Employers who could use a federal income tax deduction for 2020 can consider retroactively adopting a broad-based, tax-qualified retirement plan, such as a discretionary profit-sharing plan, cash balance plan or traditional pension plan and making employer...
Plan Sponsor Alert: 401(k) Plan Restatements Required By July 2022
Every six years, the Internal Revenue Service (IRS) requires employers with qualified, pre-approved plans to restate their plan documents – reflecting changes that have occurred since the plan documents were created or last restated. For defined contribution plans,...
Summer 2021 Non-Profit Newsletter
In this issue: The Uniform Guidance - Some Ongoing Pitfalls Coronavirus State and Local Fiscal Recovery Funds (CSLFRF) Triaging Data Breaches What Higher Education Institutions Need to Know About Tuition Discounting Pulse Check: Is It Time to Update Your Spending...