Nonprofits that make the right investments in technology can further their mission in an increasingly digitalized world, and the industry knows this: 60% of nonprofits accelerated investments in technology in 2021. But understanding which technologies are worth the investment is challenging for nonprofits navigating a shifting landscape with limited resources.
Non-fungible Tokens (NFTs) have exploded in popularity over the past several years. As investors begin to consider their 2021 tax filings, uncertainty exists concerning how the Internal Revenue Service (IRS) wants taxpayers to report these transactions. To date, there is limited guidance on the federal taxation of cryptocurrency.
The onset of the COVID-19 pandemic marked the beginning of a tumultuous time in which uncertainty and confusion reigned. However, one bright spot appeared – people were inspired to give back to the world around them, and many nonprofits saw goodwill increase.
With operational disruptions, government restrictions, labor shortages, and other challenges, restaurants have been one of the hardest-hit industries during the COVID-19 pandemic. The rise of digitally enabled ghost kitchens — typified by lean operations without any on-site dining option — is a testament to the restaurant industry’s ability to pivot.
Millions of people are unaware of how their personal data is being collected, used, or shared in an increasingly digital society. As a business, it’s more important than ever to have a data privacy strategy to protect customers and employees and remain compliant with applicable regulations.
Beginning January 1, 2021, pooled plan providers could start Pooled Employer Plans (PEPs), which Congress created to expand access to retirement benefits by allowing companies in unrelated industries to participate in a multiple employer plan (MEP). A little more than one year later, here’s what you need to know…
As we move beyond the 2021 tax filing season, small businesses and self-employed taxpayers should be certain to take advantage of all of the tax deductions and opportunities available to them. The following are 10 top tax breaks for small businesses and business owners to keep in mind when finalizing their tax returns for 2021 and planning for 2022.
Cryptoassets have been taking off so quickly that President Biden signed an executive order in March outlining a government approach to address the risks and harness the benefits of cryptocurrency while urging the research and development of a U.S. Central Digital Bank Currency. Yet, for all the attention cryptoassets are receiving, many business leaders are still trying to understand what they are, how they work, and the pros and cons of using them.
The start of a new tax filing season often brings with it longer hold times with the IRS, as taxpayers and their tax preparers inundate phone lines with questions and concerns. But the 2022 filing season promises to be particularly challenging…
How do nonprofits plan to capitalize on these positive changes and turn them into opportunities for future growth? Technology has been a critical element in the nonprofit response to COVID-19, helping enable remote work and streamline program delivery.