How Nonprofits Should Handle Tax Form 990
Form 990, Return of Organization Exempt From Income Tax, is the IRS’ method of evaluation to…
Read this Insight...Hidden Tax Break: Meal Deductions Get a Boost
The Consolidated Appropriations Act, 2021 contained a provision designed to give a boost to the restaurant…
Read this Insight...IRS Introduces the New Form 1099-NEC
The IRS has introduced a new Form 1099-NEC, Nonemployee Compensation. It’s a sibling to Form 1099-MISC…
Read this Insight...Future-Forward Manufacturing
Many manufacturers are feeling the impact of the current crisis. But companies that are ready to retool and…
Read this Insight...By the Numbers: The Key Adjustments for 2021
What will 2021 bring us? After a year of turmoil and surprises, no one has a…
Read this Insight...Restructuring Debt as a Business Strategy
Many businesses are facing the financial effects of the Covid-19 pandemic. The loss of clients and…
Read this Insight...Hobby or Business: The IRS Takes a Stand
From a tax perspective, the distinction between hobbies and businesses is important because businesses can deduct…
Read this Insight...How To Use a CPA as an Expert Witness
A CPA may be called upon as an expert witness to render a professional opinion, whether…
Read this Insight...Tips for a Quicker End to Your Mortgage
If you’re serious about paying off your mortgage quickly, realize that every dollar you add to…
Read this Insight...Annuities: Know the Pros and Cons
Some love annuities, some hate them, but there’s no denying that many find them useful, and…
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