To help eligible parents offset the expenses of adopting a child, there are two tax breaks. In 2025, adoptive parents may be able to claim a credit against their federal
Intangible assets, such as patents, trademarks, copyrights, and goodwill, play a crucial role in today’s businesses. Businesses need to understand the issues involved, despite the complex tax treatment of such
Business email compromise (BEC) has emerged as one of the most financially damaging online crimes. Organizations lost nearly $56 billion across approximately 305,000 incidents between October 2013 and December 2023,
Owners’ equity is the difference between the assets and liabilities reported on your organization’s balance sheet. Generally, there are two component pieces: capital contributions and retained earnings. The former represents
In April of this year, the U.S. Department of Labor (DOL) announced it was rolling out a new final rule on eligibility for overtime pay. The announcement triggered mixed reactions
As the year draws to a close, it’s a critical time to evaluate planning strategies that may help reduce your tax liability for this year and next. Successful tax planning
You’ve most likely accumulated various tangible assets over your lifetime. These may include automobiles, personal property, or art. It’s relatively easy to account for such assets in your estate plan,
You’ve probably collaborated with other non-profits that share your space — maybe on a special event or fundraising campaign. Some organizations engage in formal strategic partnerships that involve sharing staff,
In one way or another, most small to midsize businesses have addressed employees using personal devices for work. In 2022, Zippia, an online career platform, reported that 83% of companies
In today’s rapidly evolving financial landscape, banks and credit unions face increasing pressure to operate efficiently while maintaining compliance. One way to help make sure your institution is running smoothly
