Industry News

Businesses that file 10 or more information returns must now file them electronically.

Introduction: In an ever-evolving financial landscape, non-profit organizations are faced with the prospect of accepting cryptocurrency as a novel form of donation. The question ar [...]

In 2024, a significant hurdle will be removed for tax-advantaged education savings plans, commonly known as 529 plans.  Currently, if your child did not pursue higher education or [...]

With the 2024 tax year right around the corner, there's good news coming from the IRS. According to a recent announcement from the tax agency (Notice 2023-75), there will be increases to retirement plan contributions next year due to inflation adjustments.

The U.S. Department of Labor's Wage and Hour Division (WHD) recently announced that the minimum wage rate for federal contractors will increase, effective January 1, 2024, in most states.

CST Group celebrates National Taco Day today!

With fraudulent Employee Retention Tax Credit claims on the rise, the IRS has suspended claim processing through year end.

When it comes to insurance, your nonprofit might carry too little, the right amount or possibly too much. We look at must-have policies and offer tips for assessing real risks before you buy.

Nonprofits are obligated to track time worked by both hourly and salaried workers. So it’s critical to know what’s required and to implement best practices.

Your nonprofit may do everything by the book and still be selected for an IRS audit. Don’t panic! We explain the typical correspondence audit process and how to get through it.

What if we told you that only four ratios mattered when it came to managing your nonprofit? OK, that would be an exaggeration. But there are four measures that generally matter more than the rest.

An educational assistance program can be a win-win. Employees value the perk and employers can benefit from a more educated, motivated workforce. Here are the basic tax rules.

C corporation owners: To keep your compensation tax deductible, you need to ensure it’s “reasonable.” Otherwise, it could be deemed a dividend. Here are four steps to take.

The federal tax code encourages businesses to invest in historic buildings with a tax credit. Here are the rules.

If you’re a small business owner, you may be reluctant to set up a retirement plan because of the administrative burdens. Here are two options to consider that have far fewer requirements than traditional qualified retirement plans.

Does your organization offer employees a 401(k) plan? If so, be sure you’re familiar with the current standard for approving hardship distributions.

Employers: Do you have employees who accrue frequent flyer miles from business travel? If so, look carefully at the tax rules involved with the use of those miles.

Small employers: Is now the time to launch a qualified retirement plan for employees? The SECURE 2.0 Act, signed into law last year, offers some substantial incentives to do so.