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Financial News

 Launching a small business? Here are some tax considerations
0
By Johnson Block
In Financial News
Posted March 26, 2021

Launching a small business? Here are some tax considerations

    While many businesses have been forced to close due to the COVID-19 pandemic, some entrepreneurs have started new small businesses. Many of these people start out operating as sole [...]

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 Work Opportunity Tax Credit extended through 2025
0
By Johnson Block
In Financial News
Posted March 25, 2021

Work Opportunity Tax Credit extended through 2025

    Are you a business owner thinking about hiring? Be aware that a recent law extended a credit for hiring individuals from one or more targeted groups. Employers can qualify for a tax [...]

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 Defrauded? How to help your nonprofit recover
0
By Johnson Block
In Financial News
Posted March 25, 2021

Defrauded? How to help your nonprofit recover

    Thousands of not-for-profit organizations fall victim to embezzlement schemes every year — some even losing millions of dollars. But losses go beyond actual dollar amounts. The hit [...]

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 How nonprofits can work with social media influencers
0
By Johnson Block
In Financial News
Posted February 19, 2021

How nonprofits can work with social media influencers

    With the competition for donation dollars fierce right now, many not-for-profits are turning to influencers — from Hollywood celebrities to politicians to blog stars — to raise [...]

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 It may be time to tune up your nonprofit’s accounting function
0
By Johnson Block
In Financial News
Posted February 17, 2021

It may be time to tune up your nonprofit’s accounting function

    Many organizations get stuck in procedural ruts because it’s easier in the short term to continue doing things the way they’ve always been done. But it generally pays to regularly [...]

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 The cents-per-mile rate for business miles decreases again for 2021
0
By Johnson Block
In Financial News
Posted February 17, 2021

The cents-per-mile rate for business miles decreases again for 2021

    This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased by one-and-one-half cents, to 56 cents per [...]

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 Will permanent work-from-home work for your nonprofit?
0
By Johnson Block
In Financial News
Posted February 16, 2021

Will permanent work-from-home work for your nonprofit?

    It’s been almost a year since many not-for-profit organizations sent staffers home — to work remotely. For many nonprofits and employees, remote work has been a positive experience. [...]

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 New revenue idea? Watch out for the commerciality doctrine
0
By Johnson Block
In Financial News
Posted February 16, 2021

New revenue idea? Watch out for the commerciality doctrine

    If your not-for-profit has lost financial support during the pandemic, you may be looking for ways to raise new revenue. But if your proposed solution is a side business, be [...]

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 Many tax amounts affecting businesses have increased for 2021
0
By Johnson Block
In Financial News
Posted February 15, 2021

Many tax amounts affecting businesses have increased for 2021

    A number of tax-related limits that affect businesses are annually indexed for inflation, and many have increased for 2021. Some stayed the same due to low inflation. And the [...]

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 How to keep your nonprofit’s members in the fold
0
By Johnson Block
In Financial News
Posted February 15, 2021

How to keep your nonprofit’s members in the fold

    If your charity or association depends financially on membership fees, you know that non-renewals are cause for concern. During this time of economic and occupational insecurity, [...]

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