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Rioting damage at your business? You may be able to claim casualty loss deductions

  The recent riots around the country have resulted in many storefronts, office buildings and business properties being destroyed. In the case of stores or other businesses with inventory, [...]

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When Non-Profit Contributions are Quid Pro Quo

  Charitable contributions aren’t always eligible for tax deductions — even when the not-for-profit recipient is tax exempt and the donor itemizes. Take “quid pro quo” donations. These [...]

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Business meal deductions: The current rules amid proposed changes

  Restaurants and entertainment venues have been hard hit by the novel coronavirus (COVID-19) pandemic. One of the tax breaks that President Trump has proposed to help them is an increase in [...]

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IRS releases 2021 amounts for Health Savings Accounts

  The IRS recently released the 2021 inflation-adjusted amounts for Health Savings Accounts (HSAs). HSA basics An HSA is a trust created or organized exclusively for the purpose of paying [...]

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Assessing the Value of Gifts Received by Non-Profits

  As unemployment and financial insecurity become widespread during the novel coronavirus (COVID-19) crisis, many not-for-profit donors find themselves unable to provide monetary support to [...]

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What is Real-Time Strategic Planning, and is it Right For Your Organization?

  Real-Time Strategic Planning (RTSP) offers not-for-profits a fluid approach to identifying, understanding and acting on challenges and opportunities to advance their missions. Is this [...]

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Tips to Maximize Your Non-Profit’s Potential

  It’s all too easy to let not-for-profit programs that have outlived their effectiveness to continue, even as they consume budget resources. To help ensure your resources are being deployed [...]

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Get Your Share – Corporate Gift Matching Programs for Non-Profits

  A majority of large U.S. companies offer matching gift programs to boost the impact of their employees’ charitable gifts. Double the Donation estimates that $2 to $3 billion is donated [...]

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Financial Red Flags for Non-Profit Organizations

  A key fiduciary duty of your not-for-profit’s board of directors is to oversee and monitor the organization’s financial health. Some financial warning signs — such as the loss of a major [...]

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New Record-Keeping Requirements for Charitable Gifts

  The deductibility of most charitable gifts hasn’t changed since passage of the Tax Cuts and Jobs Act, but some record-keeping requirements have. Helping your donors who itemize deductions [...]